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International Game Technology PLC (NYSE:IGT)
Interest Expense
$-487 Mil (TTM As of Mar. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Game Technology PLC's interest expense for the three months ended in Mar. 2016 was $-118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was $-487 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. International Game Technology PLC's Operating Income for the three months ended in Mar. 2016 was $188 Mil. International Game Technology PLC's Interest Expense for the three months ended in Mar. 2016 was $-118 Mil. International Game Technology PLC's interest coverage for the quarter that ended in Mar. 2016 was 1.59. 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.

International Game Technology PLC Interest Expense for the trailing twelve months (TTM) ended in Mar. 2016 was -122.418 (Jun. 2015 ) + -121.844 (Sep. 2015 ) + -124.222 (Dec. 2015 ) + -118.415 (Mar. 2016 ) = $-487 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

International Game Technology PLC's interest expense for the three months ended in Mar. 2016 was $-118 Mil. Its operating income for the three months ended in Mar. 2016 was $188 Mil. And its Long-Term Debt for the three months ended in Mar. 2016 was $8,228 Mil.

International Game Technology PLC's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Mar. 2016 )/Interest Expense (Q: Mar. 2016 )
=-1*187.897/-118.415
=1.59

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

International Game Technology PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Interest Expense -126-283-247-217-229-218-202-225-248-458

International Game Technology PLC Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Interest Expense -54-56-56-75-75-94-122-122-124-118
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