What is Caesars Entertainment Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Caesars Entertainment's interest expense for the
three
months ended in Mar. 2024 was $ -592 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2,348 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. Caesars Entertainment's Operating Income for the
three
months ended in Mar. 2024 was $ 491 Mil. Caesars Entertainment's Interest Expense for the
three
months ended in Mar. 2024 was $ -592 Mil.
Caesars Entertainment's Interest Coverage for the quarter that ended in Mar. 2024 was 0.83.
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.
Caesars Entertainment 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 $-2,348 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.
Caesars Entertainment (NAS:CZR) 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.
Caesars Entertainment's Interest Expense for the
three
months ended in Mar. 2024 was $-592 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $491 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $12,171 Mil.
Caesars Entertainment's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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. Caesars Entertainment Inc interest coverage is 1.03, which is low.
Caesars Entertainment (Caesars Entertainment) Business Description
Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Executives
| Michael E Pegram |
director |
PO BOX 285, BURLINGTON WA 98233 |
| Stephanie Lepori |
officer: CAO & Chief Admin. Officer |
100 WEST LIBERTY STREET, SUITE 1150, RENO NV 89501 |
| Thomas Reeg |
director, officer: Chief Executive Officer |
21 WATERWAY AVE, SUITE 150, THE WOODLANDS TX 77380 |
| David P Tomick |
director |
100 REGENCY FOREST DR, SUITE 400, CARY NC 27511 |
| Don R Kornstein |
director |
DON R KORNSTEIN, 825 LAKESHORE BLVD, INCLINE VILLAGE NV 89451 |
| Fahrenkopf Frank J Jr |
director |
ONE CORPORATE CENTER, RYE NY 10580 |
| Mather Courtney |
director |
C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
| Sandra Douglass Morgan |
director |
601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204 |
| Quatmann Edmund L Jr |
officer: See Remarks |
600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141 |
| Josh Jones |
officer: Chief Marketing Officer |
100 W. LIBERTY ST., 12TH FLOOR, RENO NV 89501 |
| Anthony L. Carano |
officer: President and COO |
100 WEST LIBERTY STREET, RENO NV 89501 |
| Gary L. Carano |
director, officer: Exec. Chairman of the Board |
100 WEST LIBERTY STREET, 11TH FLOOR, RENO NV 89501 |
| Bonnie Biumi |
director |
RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523 |
| Jones Blackhurst Janis L |
director |
ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109 |
| James B Hawkins |
director |
C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Caesars Entertainment (Caesars Entertainment) Headlines
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