Sprint (Sprint) Interest Expense : $-2,431 Mil (TTM As of Dec. 2019)

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What is Sprint Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sprint's interest expense for the three months ended in Dec. 2019 was $ -589 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-2,431 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. Sprint's Operating Income for the three months ended in Dec. 2019 was $ 66 Mil. Sprint's Interest Expense for the three months ended in Dec. 2019 was $ -589 Mil. Sprint's Interest Coverage for the quarter that ended in Dec. 2019 was 0.11. 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.

Sprint Interest Expense Historical Data

The historical data trend for Sprint'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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Sprint Interest Expense Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Interest Expense

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-2,051.00

-2,182.00

-2,495.00

-2,365.00

-2,563.00

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Interest Expense	Get a 7-Day Free Trial															-664.00	-629.00	-619.00	-594.00	-589.00

Sprint 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,431 Mil.

Sprint (NYSE:S) 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.

Sprint's Interest Expense for the three months ended in Dec. 2019 was $-589 Mil. Its Operating Income for the three months ended in Dec. 2019 was $66 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2019 was $38,930 Mil.

Sprint's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	66	/	-589
	=	0.11

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

Sprint (Sprint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sprint Corp (NYSE:S) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.