Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Interest Coverage : 9.99 (As of Dec. 2022)

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What is Atlas Air Worldwide Holdings Interest Coverage?

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 by its Interest Expense. Atlas Air Worldwide Holdings's Operating Income for the three months ended in Dec. 2022 was $197 Mil. Atlas Air Worldwide Holdings's Interest Expense for the three months ended in Dec. 2022 was $-20 Mil. Atlas Air Worldwide Holdings's interest coverage for the quarter that ended in Dec. 2022 was 9.99. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Atlas Air Worldwide Holdings's Interest Coverage or its related term are showing as below:

AAWW's Interest Coverage is not ranked ^*
in the Transportation industry.
Industry Median: 5.5
* Ranked among companies with meaningful Interest Coverage only.

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

Atlas Air Worldwide Holdings Interest Coverage Historical Data

The historical data trend for Atlas Air Worldwide Holdings's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Atlas Air Worldwide Holdings Interest Coverage Chart

Atlas Air Worldwide Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

2.57

1.58

4.45

7.17

7.99

Atlas Air Worldwide Holdings Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Coverage	Get a 7-Day Free Trial															11.32	7.07	7.97	6.52	9.99

Competitive Comparison of Atlas Air Worldwide Holdings's Interest Coverage

For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Atlas Air Worldwide Holdings's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Atlas Air Worldwide Holdings's Interest Coverage falls into.

Atlas Air Worldwide Holdings Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Atlas Air Worldwide Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Atlas Air Worldwide Holdings's Interest Expense was $-69 Mil. Its Operating Income was $551 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,973 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	551.453	/	-69.009
	=	7.99

Atlas Air Worldwide Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Atlas Air Worldwide Holdings's Interest Expense was $-20 Mil. Its Operating Income was $197 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,973 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	196.553	/	-19.668
	=	9.99

The higher the ratio, the stronger the company's Financial Strength is.

Atlas Air Worldwide Holdings (NAS:AAWW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Atlas Air Worldwide Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Atlas Air Worldwide Holdings Inc (NAS:AAWW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Westchester Avenue, Purchase, NY, USA, 10577-2543

Website

https://www.atlasairworldwide.com

Atlas Air Worldwide Holdings Inc is a provider of outsourced aircraft and aviation operating services and the outsourced airfreight provider in the world. Company operates a fleet of 747 freighters and provides customers with a broad array of 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America and South America. The company's business is organized into two operating segments based on service offerings: 1) Airline Operations include providing cargo aircraft outsourcing services to customers on an ACMI, CMI and Charter basis. 2) Dry Leasing business provides aircraft and engines to customers, including CMI customers, for a fixed monthly amount.

Executives

John W Dietrich	officer: SVP/Gen Cnsl/Secretary, other: Chf. HR Off
Walter G Borst	director	2701 NAVISTAR DRIVE, LISLE IL 60532
Raymond L. Conner	director	ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
George Willis	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Adam Richard Kokas	officer: Sr. V.P., Gen. Counsel & Secy.	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Michael Steen	officer: SVP & Chief Marketing Officer	2000 WESTCHESTER AVENUE, PURCHASE NY 10577
John K Wulff	director	C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001
Keith H. Mayer	officer: Vice President & Controller	ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Duncan J. Mcnabb	director	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Sheila A Stamps	director	C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
James Anthony Forbes	officer: EVP & COO	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Carol J Zierhoffer	director	100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Beverly K. Goulet,	director	10990 ROE AVENUE, OVERLAND PARK KS 66211
William J Flynn	director, officer: Pres. & CEO	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Spencer Schwartz	officer: Vice President & Controller	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577