ATS (ATS) Interest Expense : $-54 Mil (TTM As of Sep. 2023)

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What is ATS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ATS's interest expense for the three months ended in Sep. 2023 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-54 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. ATS's Operating Income for the three months ended in Sep. 2023 was $ 61 Mil. ATS's Interest Expense for the three months ended in Sep. 2023 was $ -12 Mil. ATS's Interest Coverage for the quarter that ended in Sep. 2023 was 5.20. 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.

ATS Interest Expense Historical Data

The historical data trend for ATS'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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ATS Interest Expense Chart

ATS Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-21.59

-33.24

-25.84

-47.27

-52.22

ATS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.11	-14.45	-13.01	-11.81	-

ATS 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-54 Mil.

ATS (NYSE:ATS) 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.

ATS's Interest Expense for the three months ended in Sep. 2023 was $-12 Mil. Its Operating Income for the three months ended in Sep. 2023 was $61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $806 Mil.

ATS's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	61.358	/	-11.807
	=	5.20

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

ATS (ATS) Business Description

Industry

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ATS:Canada

Address

730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7

Website

https://www.atsautomation.com

ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.