Air Arabia PJSC (DFM:AIRARABIA) Interest Expense : د.إ-101 Mil (TTM As of Mar. 2024)

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What is Air Arabia PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Arabia PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-101 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. Air Arabia PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 222 Mil. Air Arabia PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -25 Mil. Air Arabia PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 9.03. 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.

Air Arabia PJSC Interest Expense Historical Data

The historical data trend for Air Arabia PJSC'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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Air Arabia PJSC Interest Expense Chart

Air Arabia PJSC Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-128.91

-138.07

-137.76

-115.46

-102.46

Air Arabia PJSC 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															-26.34	-25.83	-25.54	-24.74	-24.58

Air Arabia PJSC 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 د.إ-101 Mil.

Air Arabia PJSC (DFM:AIRARABIA) 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.

Air Arabia PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-25 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ222 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ1,557 Mil.

Air Arabia PJSC'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	*	221.994	/	-24.576
	=	9.03

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

Air Arabia PJSC (DFM:AIRARABIA) Business Description

Industry

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Address

P.O. Box 132, Sharjah, ARE

Website

https://www.airarabia.com

Air Arabia PJSC is a group of airlines and companies offering travel and tourism services around the world. It consists of a handful of international hubs located in North Africa and the Middle East. Additionally, it provides ground handling and MRO (maintenance, repair, and overhaul), flight simulators and training, and hospitality services. Flight destinations are spread across North Africa, the Middle East, Asia, and Europe.

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