Aegean Airlines (LTS:0OHY) Interest Coverage : 5.25 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Aegean Airlines 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. Aegean Airlines's Operating Income for the six months ended in Dec. 2023 was €179 Mil. Aegean Airlines's Interest Expense for the six months ended in Dec. 2023 was €-34 Mil. Aegean Airlines's interest coverage for the quarter that ended in Dec. 2023 was 5.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Aegean Airlines's Interest Coverage or its related term are showing as below:

LTS:0OHY' s Interest Coverage Range Over the Past 10 Years
Min: 0.98 Med: 15.07 Max: 77.05
Current: 3.73

LTS:0OHY's Interest Coverage is ranked worse than
62.42% of 817 companies
in the Transportation industry
Industry Median: 5.41 vs LTS:0OHY: 3.73

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

Aegean Airlines Interest Coverage Historical Data

The historical data trend for Aegean Airlines'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.

* Premium members only.

Aegean Airlines Interest Coverage Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

5.36

0.98

3.48

3.73

Aegean Airlines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															6.95	-	6.12	2.11	5.25

Competitive Comparison of Aegean Airlines's Interest Coverage

For the Airlines subindustry, Aegean Airlines'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.

Aegean Airlines's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aegean Airlines's Interest Coverage falls into.

Aegean Airlines 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.

Aegean Airlines's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Aegean Airlines's Interest Expense was €-66 Mil. Its Operating Income was €247 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,003 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	246.827	/	-66.237
	=	3.73

Aegean Airlines's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Aegean Airlines's Interest Expense was €-34 Mil. Its Operating Income was €179 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,003 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	179.274	/	-34.159
	=	5.25

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

Aegean Airlines (LTS:0OHY) 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 .

Aegean Airlines Interest Coverage Related Terms

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

Aegean Airlines (LTS:0OHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (LTS:0OHY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.

Aegean Airlines (LTS:0OHY) Headlines

No Headlines