Melco International Development (Melco International Development) Interest Expense : $-529 Mil (TTM As of Dec. 2023)

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What is Melco International Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melco International Development's interest expense for the six months ended in Dec. 2023 was $ -277 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-529 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. Melco International Development's Operating Income for the six months ended in Dec. 2023 was $ 183 Mil. Melco International Development's Interest Expense for the six months ended in Dec. 2023 was $ -277 Mil. Melco International Development's Interest Coverage for the quarter that ended in Dec. 2023 was 0.66. 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.

Melco International Development Interest Expense Historical Data

The historical data trend for Melco International Development'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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Melco International Development Interest Expense Chart

Melco International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-339.86

-356.23

-356.52

-396.99

-529.64

Melco International Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-175.85	-181.80	-213.72	-251.41	-277.49

Melco International Development 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 semi-annually data reported by the company within the most recent 12 months, which was $-529 Mil.

Melco International Development (OTCPK:MDEVF) 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.

Melco International Development's Interest Expense for the six months ended in Dec. 2023 was $-277 Mil. Its Operating Income for the six months ended in Dec. 2023 was $183 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $8,380 Mil.

Melco International Development'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	*	182.578	/	-277.485
	=	0.66

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. Melco International Development Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Melco International Development (Melco International Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco International Development Ltd (OTCPK:MDEVF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MDEVY:USA 00200:Hong Kong MX7A:Germany

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-group.com

Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.