Melia Hotels International (Melia Hotels International) Interest Expense : $-122 Mil (TTM As of Mar. 2024)

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What is Melia Hotels International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melia Hotels International's interest expense for the three months ended in Mar. 2024 was $ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-122 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. Melia Hotels International's Operating Income for the three months ended in Mar. 2024 was $ 38 Mil. Melia Hotels International's Interest Expense for the three months ended in Mar. 2024 was $ -32 Mil. Melia Hotels International's Interest Coverage for the quarter that ended in Mar. 2024 was 1.19. 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.

Melia Hotels International Interest Expense Historical Data

The historical data trend for Melia Hotels International'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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Melia Hotels International Interest Expense Chart

Melia Hotels International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-80.61

-80.09

-75.23

-79.35

-117.00

Melia Hotels International 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															-25.70	-29.17	-30.84	-30.20	-31.85

Melia Hotels International 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 $-122 Mil.

Melia Hotels International (OTCPK:SMIZF) 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.

Melia Hotels International's Interest Expense for the three months ended in Mar. 2024 was $-32 Mil. Its Operating Income for the three months ended in Mar. 2024 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

Melia Hotels International'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	*	37.935	/	-31.848
	=	1.19

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. Melia Hotels International SA interest coverage is 2.36, which is low.

Melia Hotels International (Melia Hotels International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melia Hotels International SA (OTCPK:SMIZF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MELe:UK 0MKO:UK MEL:Spain MEL:Germany

Address

Gremio Toneleros, 24, Poligono Son Castello, Palma de Mallorca, Baleares, ESP, 07009

Website

https://www.melia.com

Melia Hotels International SA is a Spanish owner and operator of hotels. The company operates midscale, upscale, and premium hotels across several brands, including Sol Hotels & Resorts, Melia Hotels & Resorts, and Gran Melia. Melia may either own or lease the hotels it operates, and hotel operation contributes the majority of company revenue. In addition, hotel owners may operate hotels under a Melia brand in a franchise agreement, or can contract Melia's management services to operate the hotel on its behalf. The company generates approximately half of its revenue in Spain, and the rest from America and the EMEA region.

Melia Hotels International (Melia Hotels International) Headlines

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