Manchester United (Manchester United) Interest Expense : $-64.2 Mil (TTM As of Dec. 2023)

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What is Manchester United Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manchester United's interest expense for the three months ended in Dec. 2023 was $ -19.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-64.2 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. Manchester United's Operating Income for the three months ended in Dec. 2023 was $ 46.4 Mil. Manchester United's Interest Expense for the three months ended in Dec. 2023 was $ -19.1 Mil. Manchester United's Interest Coverage for the quarter that ended in Dec. 2023 was 2.43. 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.

Manchester United Interest Expense Historical Data

The historical data trend for Manchester United'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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Manchester United Interest Expense Chart

Manchester United Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-27.62

-27.74

-28.35

-31.40

-53.75

Manchester United 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															-12.63	-13.45	-16.22	-15.45	-19.09

Manchester United 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 $-64.2 Mil.

Manchester United (NYSE:MANU) 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.

Manchester United's Interest Expense for the three months ended in Dec. 2023 was $-19.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $46.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $650.9 Mil.

Manchester United'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	*	46.443	/	-19.085
	=	2.43

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

Manchester United (Manchester United) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manchester United PLC (NYSE:MANU) » Definitions » Interest Expense

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MUF:Germany MUF:Germany

Address

Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA

Website

https://www.manutd.com

Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.