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Sothebys (NYSE:BID)
Interest Expense
\$-30.3 Mil (TTM As of Sep. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sothebys's interest expense for the three months ended in Sep. 2016 was \$-7.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was \$-30.3 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. Sothebys's Operating Income for the three months ended in Sep. 2016 was \$-66.9 Mil. Sothebys's Interest Expense for the three months ended in Sep. 2016 was \$-7.5 Mil. Sothebys 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.

Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Sothebys Interest Expense for the trailing twelve months (TTM) ended in Sep. 2016 was -7.572 (Dec. 2015 ) + -7.546 (Mar. 2016 ) + -7.638 (Jun. 2016 ) + -7.549 (Sep. 2016 ) = \$-30.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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 higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sothebys's interest expense for the three months ended in Sep. 2016 was \$-7.5 Mil. Its operating income for the three months ended in Sep. 2016 was \$-66.9 Mil. And its Long-Term Debt for the three months ended in Sep. 2016 was \$1,153.5 Mil.

Sothebys's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

 Sothebys did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sothebys Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Interest Expense -33.0 -28.6 -36.7 -45.7 -46.8 -41.5 -44.4 -42.7 -35.2 -32.7

Sothebys Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Interest Expense -8.8 -8.8 -8.9 -8.7 -9.1 -7.4 -7.6 -7.5 -7.6 -7.5
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