Air Transport Services Group (Air Transport Services Group) Interest Expense : $-73 Mil (TTM As of Dec. 2023)

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What is Air Transport Services Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Transport Services Group's interest expense for the three months ended in Dec. 2023 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-73 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. Air Transport Services Group's Operating Income for the three months ended in Dec. 2023 was $ 37 Mil. Air Transport Services Group's Interest Expense for the three months ended in Dec. 2023 was $ -21 Mil. Air Transport Services Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.75. 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.

Air Transport Services Group Interest Expense Historical Data

The historical data trend for Air Transport Services Group'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.

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Air Transport Services Group Interest Expense Chart

Air Transport Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.64

-62.89

-58.79

-46.86

-72.70

Air Transport Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.83	-15.71	-16.67	-19.38	-20.95

Air Transport Services Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-73 Mil.

Air Transport Services Group (NAS:ATSG) Interest Expense Explanation

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

Air Transport Services Group's Interest Expense for the three months ended in Dec. 2023 was $-21 Mil. Its Operating Income for the three months ended in Dec. 2023 was $37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,743 Mil.

Air Transport Services Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.638	/	-20.951
	=	1.75

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

Air Transport Services Group (Air Transport Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Transport Services Group Inc (NAS:ATSG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ATSG:Mexico

Address

145 Hunter Drive, Wilmington, OH, USA, 45177

Website

https://www.atsginc.com

Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Executives

Koharik Edward Joseph Iii	officer: Chief Operating Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Johns Raymond E Jr	director	C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Michael L Berger	officer: Chief Commercial Officer	C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey J Vorholt	director	13 VIA ROMA, PALM COAST FL 32137
Amazon Com Inc	10 percent owner	410 TERRY AVENUE NORTH, SEATTLE WA 98109
Matthew E. Fedders	officer: VP, Corporate Controller	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Paul Chase	officer: Chief Commercial Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Joseph C Hete	officer: President & CEO
W Joseph Payne	officer: Sr. VP, General Counsel & Sec.	ABX AIR INC, 145 HUNTER DRIVE, WILMINGTON OH 45177
Quint O Turner	officer: Chief Financial Officer	145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey A. Dominick	director	ABX HOLDINGS, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Randy D Rademacher	director	ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
John Christopher Teets	director	C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Richard Francis Corrado	officer: Chief Commercial Officer	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177