Iridium Communications (Iridium Communications) Interest Expense : $-93.2 Mil (TTM As of Mar. 2024)

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What is Iridium Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iridium Communications's interest expense for the three months ended in Mar. 2024 was $ -20.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-93.2 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. Iridium Communications's Operating Income for the three months ended in Mar. 2024 was $ 49.8 Mil. Iridium Communications's Interest Expense for the three months ended in Mar. 2024 was $ -20.7 Mil. Iridium Communications's Interest Coverage for the quarter that ended in Mar. 2024 was 2.41. 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.

Iridium Communications Interest Expense Historical Data

The historical data trend for Iridium Communications'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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Iridium Communications Interest Expense Chart

Iridium Communications Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-115.40

-94.27

-73.91

-65.09

-90.39

Iridium Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-17.89	-18.72	-34.66	-19.11	-20.66

Iridium Communications 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-93.2 Mil.

Iridium Communications (NAS:IRDM) 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.

Iridium Communications's Interest Expense for the three months ended in Mar. 2024 was $-20.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $49.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,587.5 Mil.

Iridium Communications's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	49.771	/	-20.663
	=	2.41

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

Iridium Communications (Iridium Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Iridium Communications Inc (NAS:IRDM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6IC:Germany 6IC:Germany

Address

1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102

Website

https://www.iridium.com

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.

Executives

Matthew J Desch	director, officer: Chief Executive Officer	C/O SAIC, 10260 CAMPUS POINT DR M/S F3, SAN DIEGO CA 92121
Jacqueline E Yeaney	director	2002 SUMMIT BOULEVARD, SUITE 100, ATLANTA GA 30319
Bryan J. Hartin	officer: EVP-Sales and Marketing	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Robert H Niehaus	director, officer: Senior Vice President	4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142
Suzanne E. Mcbride	officer: Chief Operations Officer	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Barry West	director	NEXTEL, 2001 EDMUND HALLEY DR, RESTON VA 20191
Scott Scheimreif	officer: EVP-Government Programs	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Thomas C Canfield	director	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kathleen A. Morgan	officer: Chief Legal Officer	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA 22102
Thomas Fitzpatrick	officer: Chief Financial Officer	C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719
Henrik O. Schliemann	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Timothy Kapalka	officer: VP Iridium Satellite LLC	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, MCLEAN VA 22102
Parker William Rush	director	5525 LBJ FREEWAY, DALLAS TX 75240
A B Krongard	director	C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Kay Sears	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102