Golden Entertainment (Golden Entertainment) Interest Expense : $-58.0 Mil (TTM As of Mar. 2024)

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What is Golden Entertainment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Entertainment's interest expense for the three months ended in Mar. 2024 was $ -10.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-58.0 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. Golden Entertainment's Operating Income for the three months ended in Mar. 2024 was $ 10.6 Mil. Golden Entertainment's Interest Expense for the three months ended in Mar. 2024 was $ -10.7 Mil. Golden Entertainment's Interest Coverage for the quarter that ended in Mar. 2024 was 0.99. 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.

Golden Entertainment Interest Expense Historical Data

The historical data trend for Golden Entertainment'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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Golden Entertainment Interest Expense Chart

Golden Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-74.22

-69.11

-62.85

-63.49

-65.52

Golden Entertainment 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															-18.24	-18.80	-15.31	-13.17	-10.69

Golden Entertainment 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 $-58.0 Mil.

Golden Entertainment (NAS:GDEN) 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.

Golden Entertainment's Interest Expense for the three months ended in Mar. 2024 was $-10.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $10.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $741.8 Mil.

Golden Entertainment'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	*	10.559	/	-10.686
	=	0.99

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

Golden Entertainment (Golden Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Entertainment Inc (NAS:GDEN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6595 S Jones Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.goldenent.com

Golden Entertainment Inc is a us-based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. It derives key revenue from the Nevada Casino Resorts and Distributed Gaming segments. Nevada Casino Resorts is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities. Distributed Gaming segment is comprised of the operation of slot machines and amusement devices in non-casino locations across Nevada and Montana, with a limited number of slot machines in each location, as well as the operation of branded taverns.

Executives

Charles Protell	officer: President and CFO	6595 S JONES BLVD, LAS VEGAS NV 89118
Stephen A Arcana	officer: EVP and COO	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Andy H Chien	director	C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Blake L Sartini	director, 10 percent owner, officer: Chairman and CEO	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Terrence Wright	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Sartini Blake L Ii	officer: SVP of Distributed Gaming	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Marnell Anthony A. Iii	director	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Ann D. Dozier	director	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Robert L Miodunski	director	6601 S BERMUDA RD, LAS VEGAS NV 89119
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Mark A Lipparelli	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Thomas Edwin Haas	officer: SVP of Accounting	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Sean T Higgins	officer: Executive VP and CLO	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Delise F Sartini	10 percent owner	2411 WEST SAHARA AVENUE, LAS VEGAS NV 89102
Blake L. Sartini & Delise F. Sartini Family Trust	10 percent owner	6595 S JONES BLVD, LAS VEGAS NV 89118