Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Crown Castle's interest expense for the
three
months ended in Dec. 2023 was $ -216 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-821 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. Crown Castle's Operating Income for the
three
months ended in Dec. 2023 was $ 604 Mil. Crown Castle's Interest Expense for the
three
months ended in Dec. 2023 was $ -216 Mil.
Crown Castle's Interest Coverage for the quarter that ended in Dec. 2023 was 2.80.
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.
Crown Castle 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-821 Mil.
* 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.
Crown Castle (NYSE:CCI) Interest Expense 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.
Crown Castle's Interest Expense for the
three
months ended in Dec. 2023 was $-216 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $604 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $27,647 Mil.
Crown Castle's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
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. Crown Castle Inc interest coverage is 3.03, which is low.
Crown Castle (Crown Castle) Business Description
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Executives
| Robert Sean Collins |
officer: Vice President and Controller |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Maria M Pope |
director |
C/O PORTLAND GENERAL ELECTRIC CO., 121 SW SALMON ST, PORTLAND OR 97204 |
| Kevin T Kabat |
director |
UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402 |
| Kevin A Stephens |
director |
1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057 |
| Laura B Nichol |
officer: EVP - Business Support |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Christopher Levendos |
officer: EVP & COO - Fiber |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Adams Edward B Jr |
officer: EVP and General Counsel |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Matthew Iii Thornton |
director |
3610 HACKS CROSS ROAD, MEMPHIS TN 38125 |
| Michael Joseph Kavanagh |
officer: SVP & Chief Commercial Officer |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Catherine Piche |
officer: EVP & COO-Towers |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| Daniel K Schlanger |
officer: SVP & Chief Financial Officer |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| J Landis Martin |
director |
TIMET CORP, 1999 BROADWAY SUITE 4300, DENVER CO 80202 |
| Kenneth Jay Simon |
officer: SVP and General Counsel |
8020 KATY FREEWAY, HOUSTON TX 77024 |
| James D Young |
officer: SVP & Chief Operating Officer |
510 BERING DRIVE, SUITE 500, HOUSTON TX 77057 |
| Tammy Jones |
director |
MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024 |
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