International Game Technology (International Game Technology) Interest Expense

: $-311 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Game Technology's interest expense for the three months ended in Dec. 2023 was $ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-311 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's Operating Income for the three months ended in Dec. 2023 was $ 293 Mil. International Game Technology's Interest Expense for the three months ended in Dec. 2023 was $ -81 Mil. International Game Technology's Interest Coverage for the quarter that ended in Dec. 2023 was 3.62. 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.

International Game Technology Interest Expense Historical Data

The historical data trend for International Game Technology'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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International Game Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-423.00

-413.00

-355.00

-302.00

-311.00

International Game Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-69.00	-73.00	-77.00	-80.00	-81.00

International Game Technology 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 $-311 Mil.

International Game Technology (NYSE:IGT) 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.

International Game Technology's Interest Expense for the three months ended in Dec. 2023 was $-81 Mil. Its Operating Income for the three months ended in Dec. 2023 was $293 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,868 Mil.

International Game Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	293	/	-81
	=	3.62

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

International Game Technology (International Game Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Game Technology PLC (NYSE:IGT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

7IG:Germany

Address

10 Finsbury Square, Third Floor, London, GBR, EC2A 1AF

Website

https://www.igt.com

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and Digital & Betting.. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.