Monarch Casino & Resort (Monarch Casino & Resort) Interest Expense : $-1.0 Mil (TTM As of Dec. 2023)

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What is Monarch Casino & Resort Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Monarch Casino & Resort's interest expense for the three months ended in Dec. 2023 was $ 0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.0 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. Monarch Casino & Resort's Operating Income for the three months ended in Dec. 2023 was $ 25.4 Mil. Monarch Casino & Resort's Interest Expense for the three months ended in Dec. 2023 was $ 0.1 Mil. Monarch Casino & Resort did not have earnings to cover the interest expense. 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.

Monarch Casino & Resort Interest Expense Historical Data

The historical data trend for Monarch Casino & Resort'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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Monarch Casino & Resort Interest Expense Chart

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.27

-4.51

-2.42

-1.63

Monarch Casino & Resort 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															-0.59	-0.78	-0.37	0.11	-

Monarch Casino & Resort 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 $-1.0 Mil.

Monarch Casino & Resort (NAS:MCRI) 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.

Monarch Casino & Resort's Interest Expense for the three months ended in Dec. 2023 was $0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $25.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $19.5 Mil.

Monarch Casino & Resort's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521