Lamar Advertising Co (Lamar Advertising Co) Interest Expense

: $-175 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. Lamar Advertising Co's interest expense for the three months ended in Dec. 2023 was $ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-175 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. Lamar Advertising Co's Operating Income for the three months ended in Dec. 2023 was $ 191 Mil. Lamar Advertising Co's Interest Expense for the three months ended in Dec. 2023 was $ -44 Mil. Lamar Advertising Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.32. 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.

Lamar Advertising Co Interest Expense Historical Data

The historical data trend for Lamar Advertising Co'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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Lamar Advertising Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-150.62

-137.62

-106.38

-127.51

-174.51

Lamar Advertising Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-37.69	-41.44	-43.65	-45.07	-44.35

Lamar Advertising Co 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 $-175 Mil.

Lamar Advertising Co (NAS:LAMR) 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.

Lamar Advertising Co's Interest Expense for the three months ended in Dec. 2023 was $-44 Mil. Its Operating Income for the three months ended in Dec. 2023 was $191 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,181 Mil.

Lamar Advertising Co'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	*	191.478	/	-44.349
	=	4.32

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

Lamar Advertising Co (Lamar Advertising Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (NAS:LAMR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6LA:Germany

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Executives

Jay Lecoryelle Johnson	officer: CFO, Treasurer, EVP	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Nancy Fletcher	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Thomas V Reifenheiser	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Wendell Reilly	director	C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326
Koerner John E Iii	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anna Reilly	director	C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Stephen P Mumblow	director	790 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Elizabeth Mary Thompson	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Keith A Istre	officer: Chief Financial Officer	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Sean E Reilly	officer: Chief Operating Officer	5321 CORPORATE BLVD, BATON ROUGE LA 70808
Marshall A Loeb	director	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201
John Maxwell Hamilton	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Reilly Kevin P Jr	director, officer: President and CEO	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Spo Advisory Corp	10 percent owner	PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116