Corinthian Colleges (FRA:CH7) Interest Expense : €-4 Mil (TTM As of Jun. 2013)

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What is Corinthian Colleges Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corinthian Colleges's interest expense for the six months ended in Jun. 2013 was € -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2013 was €-4 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. Corinthian Colleges's Operating Income for the six months ended in Jun. 2013 was € 39 Mil. Corinthian Colleges's Interest Expense for the six months ended in Jun. 2013 was € -4 Mil. Corinthian Colleges's Interest Coverage for the quarter that ended in Jun. 2013 was 9.94. 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.

Corinthian Colleges Interest Expense Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Interest Expense Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Interest Expense

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-1.94

-4.10

-5.92

-7.28

-3.93

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Interest Expense	Get a 7-Day Free Trial											-1.94	-4.10	-5.92	-7.28	-3.93

Corinthian Colleges Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jun. 2013 was €-4 Mil.

Corinthian Colleges (FRA:CH7) 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.

Corinthian Colleges's Interest Expense for the six months ended in Jun. 2013 was €-4 Mil. Its Operating Income for the six months ended in Jun. 2013 was €39 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2013 was €102 Mil.

Corinthian Colleges's Interest Coverage for the quarter that ended in Jun. 2013 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2013 )	/	Interest Expense (Q: Jun. 2013 )
	=	-1	*	39.068	/	-3.929
	=	9.94

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

Corinthian Colleges (FRA:CH7) Business Description

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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