The E W Scripps Co (FRA:SQ6B) Interest Expense : €-203 Mil (TTM As of Mar. 2024)

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What is The E W Scripps Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The E W Scripps Co's interest expense for the three months ended in Mar. 2024 was € -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-203 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. The E W Scripps Co's Operating Income for the three months ended in Mar. 2024 was € 45 Mil. The E W Scripps Co's Interest Expense for the three months ended in Mar. 2024 was € -51 Mil. The E W Scripps Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.89. 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.

The E W Scripps Co Interest Expense Historical Data

The historical data trend for The E W Scripps Co'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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The E W Scripps Co Interest Expense Chart

The E W Scripps Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-72.54

-76.44

-146.17

-152.11

-195.79

The E W Scripps Co 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															-45.62	-48.25	-53.33	-50.88	-50.52

The E W Scripps Co 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 €-203 Mil.

The E W Scripps Co (FRA:SQ6B) 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.

The E W Scripps Co's Interest Expense for the three months ended in Mar. 2024 was €-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was €45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2,739 Mil.

The E W Scripps Co'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	*	44.829	/	-50.524
	=	0.89

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. The E W Scripps Co interest coverage is 1.16, which is low.

The E W Scripps Co (FRA:SQ6B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » The E W Scripps Co (FRA:SQ6B) » Definitions » Interest Expense

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SSP:USA

Address

312 Walnut Street, Suite 2800, Scripps Center, Cincinnati, OH, USA, 45202

Website

https://www.scripps.com

The E W Scripps Co is a media enterprise with interests in local and national media brands. It owns and operates a collection of daily and community newspapers, primarily in medium-sized cities in the southern and western portions of the United States. The company's operating segment includes Local Media, Scripps Networks, and Other. It generates maximum revenue from the Local Media segment. The Local Media segment includes approximately 61 local broadcast stations and their related digital operations.

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