International Speedway (International Speedway) Interest Expense : $-13.6 Mil (TTM As of Aug. 2019)

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What is International Speedway Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Speedway's interest expense for the three months ended in Aug. 2019 was $ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2019 was $-13.6 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 Speedway's Operating Income for the three months ended in Aug. 2019 was $ 10.9 Mil. International Speedway's Interest Expense for the three months ended in Aug. 2019 was $ -3.6 Mil. International Speedway's Interest Coverage for the quarter that ended in Aug. 2019 was 2.98. 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 Speedway Interest Expense Historical Data

The historical data trend for International Speedway'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 Speedway Interest Expense Chart

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Interest Expense

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-9.18

-9.58

-13.84

-11.63

-10.86

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Interest Expense	Get a 7-Day Free Trial															-2.55	-2.53	-3.72	-3.72	-3.65

International Speedway 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 Aug. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.6 Mil.

International Speedway (NAS:ISCA) 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 Speedway's Interest Expense for the three months ended in Aug. 2019 was $-3.6 Mil. Its Operating Income for the three months ended in Aug. 2019 was $10.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2019 was $250.5 Mil.

International Speedway's Interest Coverage for the quarter that ended in Aug. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2019 )	/	Interest Expense (Q: Aug. 2019 )
	=	-1	*	10.867	/	-3.647
	=	2.98

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

International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (NAS:ISCA) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.

Executives

Larree M Renda	director
Hyatt J Brown	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi	director	8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731