Spirit AeroSystems Holdings (STU:S9Q) Interest Expense : €-302 Mil (TTM As of Mar. 2024)

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What is Spirit AeroSystems Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spirit AeroSystems Holdings's interest expense for the three months ended in Mar. 2024 was € -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-302 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. Spirit AeroSystems Holdings's Operating Income for the three months ended in Mar. 2024 was € -485 Mil. Spirit AeroSystems Holdings's Interest Expense for the three months ended in Mar. 2024 was € -74 Mil. Spirit AeroSystems Holdings did not have earnings to cover the interest expense. 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.

Spirit AeroSystems Holdings Interest Expense Historical Data

The historical data trend for Spirit AeroSystems 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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Spirit AeroSystems Holdings Interest Expense Chart

Spirit AeroSystems Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-82.71

-160.54

-214.70

-230.43

-292.25

Spirit AeroSystems Holdings 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															-67.62	-67.93	-70.37	-89.50	-73.78

Spirit AeroSystems 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 €-302 Mil.

Spirit AeroSystems Holdings (STU:S9Q) 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.

Spirit AeroSystems Holdings's Interest Expense for the three months ended in Mar. 2024 was €-74 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-485 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,749 Mil.

Spirit AeroSystems Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Spirit AeroSystems Holdings did not have earnings to cover the interest expense.

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

Spirit AeroSystems Holdings (STU:S9Q) Business Description

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SPR:USA

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

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