Signature Aviation (LSE:77GE.PFD) Interest Expense : £-97.04 Mil (TTM As of Dec. 2020)

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What is Signature Aviation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Signature Aviation's interest expense for the six months ended in Dec. 2020 was £ -44.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was £-97.04 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. Signature Aviation's Operating Income for the six months ended in Dec. 2020 was £ 67.18 Mil. Signature Aviation's Interest Expense for the six months ended in Dec. 2020 was £ -44.86 Mil. Signature Aviation's Interest Coverage for the quarter that ended in Dec. 2020 was 1.50. 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.

Signature Aviation Interest Expense Historical Data

The historical data trend for Signature Aviation'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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Signature Aviation Interest Expense Chart

Signature Aviation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-53.59

-47.45

-52.46

-137.49

-93.45

Signature Aviation Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Interest Expense	Get a 7-Day Free Trial															-30.97	-58.39	-81.03	-52.18	-44.86

Signature Aviation 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-97.04 Mil.

Signature Aviation (LSE:77GE.PFD) 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.

Signature Aviation's Interest Expense for the six months ended in Dec. 2020 was £-44.86 Mil. Its Operating Income for the six months ended in Dec. 2020 was £67.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2020 was £1,711.94 Mil.

Signature Aviation's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	67.183	/	-44.863
	=	1.50

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Signature Aviation PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Signature Aviation (LSE:77GE.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Signature Aviation PLC (LSE:77GE.PFD) » Definitions » Interest Expense

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Address

105 Wigmore Street, London, GBR, W1U 1QY

Website

https://www.signatureaviation.com

Signature Aviation is a United Kingdom-based global aviation support and aftermarket services provider that focuses on servicing the business and general aviation market. The group, including Signature FBO, TechnicAir, and Epic fuels, provides full-service flight and home-base support through the fixed-base operation network for business and general aviation users. The company operates through three segments: owner operators, fractional owner operators, and charter operators. Epic provides fuel and fuel-related services at fixed-base networks across North America, including fuel purchasing cards and transaction processing. The company generates most of its revenue in North America.

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