GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (BSP:C1CI34) » Definitions » Interest Expense

Crown Castle (BSP:C1CI34) Interest Expense : R$-4,152 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Crown Castle Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Crown Castle's interest expense for the three months ended in Mar. 2024 was R$ -1,086 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-4,152 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. Crown Castle's Operating Income for the three months ended in Mar. 2024 was R$ 2,764 Mil. Crown Castle's Interest Expense for the three months ended in Mar. 2024 was R$ -1,086 Mil. Crown Castle's Interest Coverage for the quarter that ended in Mar. 2024 was 2.55. 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.

Crown Castle Interest Expense Historical Data

The historical data trend for Crown Castle'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.

* Premium members only.

Crown Castle Interest Expense Chart

Crown Castle Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,717.18 -3,426.37 -3,573.90 -3,530.15 -4,022.74

Crown Castle 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,015.68 -975.59 -1,032.19 -1,058.36 -1,085.60

Crown Castle 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 R$-4,152 Mil.

* 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.

Crown Castle  (BSP:C1CI34) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Crown Castle's Interest Expense for the three months ended in Mar. 2024 was R$-1,086 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$2,764 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$139,220 Mil.

Crown Castle'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*2763.789/-1085.596
=2.55

* 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.

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. Crown Castle Inc interest coverage is 2.86, which is low.

Crown Castle (BSP:C1CI34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (BSP:C1CI34) » Definitions » Interest Expense
Comparable Companies
DLR IRM WY SBAC EQIX LAMR GLPI RYN PCH EPR AMT BSP:ZIFI11 HASI OUT UNIT ASX:WPR ASX:ARF SGX:DCRU ASX:CQE FPI
Traded in Other Exchanges
CCI:USA 8CW:Germany
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Website
https://www.crowncastle.com
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle (BSP:C1CI34) Headlines

No Headlines