Bains de Mer Monaco (Bains de Mer Monaco) Interest Expense : $-3.7 Mil (TTM As of Sep. 2023)

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What is Bains de Mer Monaco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bains de Mer Monaco's interest expense for the six months ended in Sep. 2023 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.7 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. Bains de Mer Monaco's Operating Income for the six months ended in Sep. 2023 was $ 95.3 Mil. Bains de Mer Monaco's Interest Expense for the six months ended in Sep. 2023 was $ -1.1 Mil. Bains de Mer Monaco's Interest Coverage for the quarter that ended in Sep. 2023 was 86.47. 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.

Bains de Mer Monaco Interest Expense Historical Data

The historical data trend for Bains de Mer Monaco'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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Bains de Mer Monaco Interest Expense Chart

Bains de Mer Monaco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.39

-5.61

-8.29

-5.67

-5.31

Bains de Mer Monaco Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-3.35	-2.54	-2.54	-2.56	-1.10

Bains de Mer Monaco 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.7 Mil.

Bains de Mer Monaco (OTCPK:BMRMF) 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.

Bains de Mer Monaco's Interest Expense for the six months ended in Sep. 2023 was $-1.1 Mil. Its Operating Income for the six months ended in Sep. 2023 was $95.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $19.2 Mil.

Bains de Mer Monaco's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	95.295	/	-1.102
	=	86.47

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

Bains de Mer Monaco (Bains de Mer Monaco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bains de Mer Monaco (OTCPK:BMRMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BAIN:France RJ8:Germany

Address

Place du Casino, Monte Carlo, MCO, 98000

Website

http://www.montecarloresort.com

Bains de Mer Monaco is engaged in the gaming, hotel and leasing Industry. The Gaming sector combines the gaming table and slot machine operations at the Monte-Carlo Casino, the Cafe de Paris Casino, the Sun Casino, the Bay Casino, and the Rascasse. The Hotel sector includes all the accommodation and catering activities, the therapy and spa-centre and all the related hotel services provided in its establishments. The Leasing sector combines leasing activities of boutiques, office space and the hotel residence activities of the Monte-Carlo Bay and Balmoral. Bains derives the majority of revenue from the Hotel sector.