Cellnex Telecom (Cellnex Telecom) Interest Expense : $-916 Mil (TTM As of Mar. 2024)

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What is Cellnex Telecom Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cellnex Telecom's interest expense for the three months ended in Mar. 2024 was $ -254 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-916 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. Cellnex Telecom's Operating Income for the three months ended in Mar. 2024 was $ 208 Mil. Cellnex Telecom's Interest Expense for the three months ended in Mar. 2024 was $ -254 Mil. Cellnex Telecom's Interest Coverage for the quarter that ended in Mar. 2024 was 0.82. 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.

Cellnex Telecom Interest Expense Historical Data

The historical data trend for Cellnex Telecom'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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Cellnex Telecom Interest Expense Chart

Cellnex Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-176.52

-334.24

-540.31

-680.40

-826.68

Cellnex Telecom 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															-219.49	-212.77	-208.77	-239.99	-254.35

Cellnex Telecom 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-916 Mil.

Cellnex Telecom (OTCPK:CLLNY) 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.

Cellnex Telecom's Interest Expense for the three months ended in Mar. 2024 was $-254 Mil. Its Operating Income for the three months ended in Mar. 2024 was $208 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $22,028 Mil.

Cellnex Telecom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	207.609	/	-254.348
	=	0.82

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cellnex Telecom SAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Cellnex Telecom (Cellnex Telecom) Business Description

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Address

Passeig Zona Franca, 105, Barcelona, ESP, 08038

Website

https://www.cellnextelecom.com

Cellnex owns and operates more than 100,000 wireless towers in Europe, resulting from continued M&A activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in more than 10 European countries as of March 2023, including France, Italy, Spain, Poland, the United Kingdom, Switzerland, and Portugal. Cellnex's strategy is to acquire portfolios from MNOs and lease the towers back to them through long-term contracts, which provide high cash flow visibility and inflation protection.