Avolta AG (Avolta AG) Interest Expense : $-607 Mil (TTM As of Dec. 2023)

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What is Avolta AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avolta AG's interest expense for the six months ended in Dec. 2023 was $ -359 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-607 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. Avolta AG's Operating Income for the six months ended in Dec. 2023 was $ 585 Mil. Avolta AG's Interest Expense for the six months ended in Dec. 2023 was $ -359 Mil. Avolta AG's Interest Coverage for the quarter that ended in Dec. 2023 was 1.63. 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.

Avolta AG Interest Expense Historical Data

The historical data trend for Avolta AG'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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Avolta AG Interest Expense Chart

Avolta AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-357.32

-373.26

-273.83

-305.50

-617.37

Avolta AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-85.56	-133.58	-166.38	-247.89	-359.27

Avolta AG 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-607 Mil.

Avolta AG (OTCPK:DUFRY) 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.

Avolta AG's Interest Expense for the six months ended in Dec. 2023 was $-359 Mil. Its Operating Income for the six months ended in Dec. 2023 was $585 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $10,721 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	585.338	/	-359.274
	=	1.63

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. Avolta AG interest coverage is 1.55, which is low.

Avolta AG (Avolta AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Avolta AG (OTCPK:DUFRY) » Definitions » Interest Expense

Comparable Companies

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DFRYF:USA AVOLz:UK 0QK3:UK D2JA:Germany AVOL:Switzerland

Address

Brunngasslein 12, Basel, CHE, 4010

Website

https://www.avoltaworld.com

Dufry is the world's largest duty-free shop operator and leader in travel retail. Airports make up over 80% of the company's (Dufry and acquired Autogrill) total revenue. Dufry's main markets are Europe and the Americas (about 47% revenue each), while Asia contributed 6% in 2022.