Sun Country Airlines Holdings (Sun Country Airlines Holdings) Interest Expense : $-45 Mil (TTM As of Mar. 2024)

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What is Sun Country Airlines Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sun Country Airlines Holdings's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-45 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. Sun Country Airlines Holdings's Operating Income for the three months ended in Mar. 2024 was $ 55 Mil. Sun Country Airlines Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. Sun Country Airlines Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 4.97. 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.

Sun Country Airlines Holdings Interest Expense Historical Data

The historical data trend for Sun Country Airlines Holdings'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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Sun Country Airlines Holdings Interest Expense Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-17.17

-22.07

-26.33

-31.02

-42.63

Sun Country Airlines Holdings Quarterly Data
	Dec18	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															-8.63	-11.24	-11.40	-11.36	-11.11

Sun Country Airlines Holdings 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 $-45 Mil.

Sun Country Airlines Holdings (NAS:SNCY) 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.

Sun Country Airlines Holdings's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $598 Mil.

Sun Country Airlines Holdings'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	*	55.176	/	-11.112
	=	4.97

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

Sun Country Airlines Holdings (Sun Country Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (NAS:SNCY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005 Cargo Road, Minneapolis, MN, USA, 55450

Website

https://www.suncountry.com

Sun Country Airlines Holdings Inc operates low-cost air carriers. The business has two operating segments: Passenger and Cargo. The passenger segment has two internal passenger groups Scheduled service and Charter. The Cargo segment provides air cargo services. The majority of the revenue is from the passenger segment.

Executives

Sca Horus Holdings, Llc	director, 10 percent owner	C/O SCA HORUS HOLDINGS, LLC, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Erin Rose Neale	officer: General Counsel and Secretary	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Grant Whitney	officer: Chief Revenue Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jude Bricker	director, officer: Chief Executive Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gregory A. Mays	officer: Chief Operating Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
John Gyurci	officer: Chief Acct. Off. & VP, Finance	2005 CARGO ROAD, MINNEAPOLIS MN 55450
David M Davis	director, officer: President & CFO
William Trousdale	officer: VP-Fin. Plan. & Anlys & Treas.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Eric Levenhagen	officer: Chief Admin. Off., GC & Sec.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Brian Edward Davis	officer: Chief Marketing Officer & SVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jennifer L Vogel	director	C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gail Peterson	director	1 ECOLAB PLACE, SAINT PAUL MN 55102
Jeffrey Mader	officer: Chief Information Off. & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Patrick J. O'keeffe	director	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188