Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Interest Expense : $-69 Mil (TTM As of Dec. 2022)

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What is Atlas Air Worldwide Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlas Air Worldwide Holdings's interest expense for the three months ended in Dec. 2022 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-69 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. 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. 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 Expense Historical Data

The historical data trend for Atlas Air Worldwide Holdings'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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Atlas Air Worldwide Holdings Interest Expense Chart

Atlas Air Worldwide Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-114.65

-118.06

-113.71

-99.18

-69.01

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 Expense	Get a 7-Day Free Trial															-23.29	-16.66	-16.59	-16.10	-19.67

Atlas Air Worldwide Holdings 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-69 Mil.

Atlas Air Worldwide Holdings (NAS:AAWW) 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.

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

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

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 (Atlas Air Worldwide Holdings) Business Description

Industry

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

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Traded in Other Exchanges

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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