iQIYI (IQ) Interest Expense : $-159 Mil (TTM As of Dec. 2023)

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What is iQIYI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. iQIYI's interest expense for the three months ended in Dec. 2023 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-159 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. iQIYI's Operating Income for the three months ended in Dec. 2023 was $ 108 Mil. iQIYI's Interest Expense for the three months ended in Dec. 2023 was $ -40 Mil. iQIYI's Interest Coverage for the quarter that ended in Dec. 2023 was 2.72. 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.

iQIYI Interest Expense Historical Data

The historical data trend for iQIYI'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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iQIYI Interest Expense Chart

iQIYI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-130.37

-163.06

-211.88

-102.57

-158.30

iQIYI 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															-25.25	-41.50	-38.89	-38.58	-39.82

iQIYI 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 $-159 Mil.

iQIYI (NAS:IQ) 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.

iQIYI's Interest Expense for the three months ended in Dec. 2023 was $-40 Mil. Its Operating Income for the three months ended in Dec. 2023 was $108 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,228 Mil.

iQIYI'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	*	108.36	/	-39.817
	=	2.72

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

iQIYI (IQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iQIYI Inc (NAS:IQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0XWG:UK IQ8:Germany I1QY34:Brazil

Address

No. 21, North Road of Workers' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027

Website

https://ir.iqiyi.com

Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has over 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.