EchoStar (EchoStar) Interest Expense : $-90 Mil (TTM As of Dec. 2023)

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What is EchoStar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EchoStar's interest expense for the three months ended in Dec. 2023 was $ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-90 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. EchoStar's Operating Income for the three months ended in Dec. 2023 was $ 385 Mil. EchoStar's Interest Expense for the three months ended in Dec. 2023 was $ -51 Mil. EchoStar's Interest Coverage for the quarter that ended in Dec. 2023 was 7.53. 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.

EchoStar Interest Expense Historical Data

The historical data trend for EchoStar'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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EchoStar Interest Expense Chart

EchoStar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-251.02

-147.93

-111.15

-79.22

-90.36

EchoStar 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															-36.09	-13.29	-13.24	-12.65	-51.18

EchoStar 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 $-90 Mil.

EchoStar (NAS:SATS) 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.

EchoStar's Interest Expense for the three months ended in Dec. 2023 was $-51 Mil. Its Operating Income for the three months ended in Dec. 2023 was $385 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $22,839 Mil.

EchoStar'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	*	385.348	/	-51.181
	=	7.53

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

EchoStar (EchoStar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EchoStar Corp (NAS:SATS) » Definitions » Interest Expense

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Traded in Other Exchanges

E20:Germany E20:Germany

Address

100 Inverness Terrace East, Englewood, CO, USA, 80112-5308

Website

https://www.echostar.com

Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 7 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 8 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.

Executives

C Mike Schroeder	director	100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jeffrey R Tarr	director	DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
William David Wade	director	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Lisa W. Hershman	director	PO BOX 1602, SOUTH BEND IN 46634
R Stanton Dodge	director	ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Ergen Two-year June 2023 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2022 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2021 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Pradman P Kaul	director	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Hamid Akhavan	officer: CEO and President	1226 EARNESTINE ST., MCLEAN VA 22101
Ergen Two-year March 2022 Sats Grat	10 percent owner	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Veronika Takacs	officer: Principal Accounting Officer	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Adrian Morris	officer: Chief Technology Officer	HUGHES COMMUNICATIONS, INC., 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Ramesh Ramaswamy	officer: Executive VP - International	11717 EXPLORATION LANE, GERMANTOWN MD 20876
Michelle Pearre	officer: Chief Human Resources Officer	11717 EXPLORATION LANE, GERMANTOWN MD 20876