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FTAI Infrastructure (FTAI Infrastructure) Interest Expense : $-103.9 Mil (TTM As of Mar. 2024)


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What is FTAI Infrastructure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FTAI Infrastructure's interest expense for the three months ended in Mar. 2024 was $ -27.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-103.9 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. FTAI Infrastructure's Operating Income for the three months ended in Mar. 2024 was $ -10.4 Mil. FTAI Infrastructure's Interest Expense for the three months ended in Mar. 2024 was $ -27.6 Mil. FTAI Infrastructure did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FTAI Infrastructure Interest Expense Historical Data

The historical data trend for FTAI Infrastructure's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FTAI Infrastructure Interest Expense Chart

FTAI Infrastructure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-17.91 -10.76 -16.02 -53.24 -99.60

FTAI Infrastructure Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.25 -24.18 -26.00 -26.17 -27.59

FTAI Infrastructure Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-103.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTAI Infrastructure  (NAS:FIP) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FTAI Infrastructure's Interest Expense for the three months ended in Mar. 2024 was $-27.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-10.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,328.1 Mil.

FTAI Infrastructure's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

FTAI Infrastructure did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

FTAI Infrastructure (FTAI Infrastructure) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » FTAI Infrastructure Inc (NAS:FIP) » Definitions » Interest Expense
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
Website
https://www.fipinc.com
FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.
Executives
Scott Christopher officer: CFO, CAO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kenneth J. Nicholson officer: President and CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Adams Joseph P. Jr. director C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
James L. Hamilton director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Washington State Investment Board 10 percent owner 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916
Judith A Hannaway director C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Transportation & Infrastructure Investors Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure General Partnership 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105