Studio City International Holdings (Studio City International Holdings) Interest Expense : $-143.3 Mil (TTM As of Mar. 2024)

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What is Studio City International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Studio City International Holdings's interest expense for the three months ended in Mar. 2024 was $ -34.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-143.3 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. Studio City International Holdings's Operating Income for the three months ended in Mar. 2024 was $ 16.1 Mil. Studio City International Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -34.8 Mil. Studio City International Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.46. 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.

Studio City International Holdings Interest Expense Historical Data

The historical data trend for Studio City International 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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Studio City International Holdings Interest Expense Chart

Studio City International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-132.29

-104.80

-90.97

-92.36

-129.57

Studio City International 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															-21.10	-36.35	-36.36	-35.76	-34.79

Studio City International 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 $-143.3 Mil.

Studio City International Holdings (NYSE:MSC) 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.

Studio City International Holdings's Interest Expense for the three months ended in Mar. 2024 was $-34.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $16.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,348.5 Mil.

Studio City International 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	*	16.079	/	-34.791
	=	0.46

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. Studio City International Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Studio City International Holdings (Studio City International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Studio City International Holdings Ltd (NYSE:MSC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.studiocity-macau.com

Studio City International Holdings Ltd is a world-class gaming, retail, and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, it offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a Warner Bros-themed family entertainment center, a 4-D Batman flight simulator, an exclusive night club, and a live performance arena. Geographically, the company derives the majority of its revenue from the Macau region.