Corus Entertainment (Corus Entertainment) Interest Expense : $-91 Mil (TTM As of Feb. 2024)

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What is Corus Entertainment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corus Entertainment's interest expense for the three months ended in Feb. 2024 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-91 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. Corus Entertainment's Operating Income for the three months ended in Feb. 2024 was $ 17 Mil. Corus Entertainment's Interest Expense for the three months ended in Feb. 2024 was $ -21 Mil. Corus Entertainment's Interest Coverage for the quarter that ended in Feb. 2024 was 0.82. 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.

Corus Entertainment Interest Expense Historical Data

The historical data trend for Corus Entertainment'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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Corus Entertainment Interest Expense Chart

Corus Entertainment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-94.77

-91.90

-84.87

-82.92

-100.47

Corus Entertainment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-25.83	-24.62	-24.49	-21.22	-20.80

Corus Entertainment 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-91 Mil.

Corus Entertainment (OTCPK:CJREF) 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.

Corus Entertainment's Interest Expense for the three months ended in Feb. 2024 was $-21 Mil. Its Operating Income for the three months ended in Feb. 2024 was $17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $774 Mil.

Corus Entertainment's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	16.959	/	-20.795
	=	0.82

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. Corus Entertainment Inc interest coverage is 1.45, which is low.

Corus Entertainment (Corus Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (OTCPK:CJREF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to the music, news, and talk radio markets. Television segment is the key revenue driver for the group. The company generates the vast majority of its revenue in Canada.