Atco (ACLLF) Interest Expense : $-376 Mil (TTM As of Mar. 2024)

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What is Atco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atco's interest expense for the three months ended in Mar. 2024 was $ -99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-376 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. Atco's Operating Income for the three months ended in Mar. 2024 was $ 310 Mil. Atco's Interest Expense for the three months ended in Mar. 2024 was $ -99 Mil. Atco's Interest Coverage for the quarter that ended in Mar. 2024 was 3.13. 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.

Atco Interest Expense Historical Data

The historical data trend for Atco'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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Atco Interest Expense Chart

Atco Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-384.24

-328.68

-330.47

-318.00

-367.47

Atco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-89.16	-92.58	-92.38	-91.68	-99.00

Atco 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 $-376 Mil.

Atco (OTCPK:ACLLF) 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.

Atco's Interest Expense for the three months ended in Mar. 2024 was $-99 Mil. Its Operating Income for the three months ended in Mar. 2024 was $310 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,854 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	310.284	/	-98.995
	=	3.13

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Atco Ltd interest coverage is 2.21, which is low.

Atco (ACLLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Atco Ltd (OTCPK:ACLLF) » Definitions » Interest Expense

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Traded in Other Exchanges

8A6:Germany ACO.Y:Canada ACO.X:Canada

Address

5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.atco.com

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.

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