Altice USA (Altice USA) Interest Expense

: $-1,639 Mil (TTM As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altice USA's interest expense for the three months ended in Dec. 2023 was $ -423 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,639 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. Altice USA's Operating Income for the three months ended in Dec. 2023 was $ 478 Mil. Altice USA's Interest Expense for the three months ended in Dec. 2023 was $ -423 Mil. Altice USA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.13. 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.

Altice USA Interest Expense Historical Data

The historical data trend for Altice USA'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.

Altice USA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,536.56

-1,352.54

-1,266.59

-1,331.64

-1,639.12

Altice USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-377.07	-389.28	-406.71	-420.22	-422.92

Altice USA 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 $-1,639 Mil.

Altice USA (NYSE:ATUS) 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.

Altice USA's Interest Expense for the three months ended in Dec. 2023 was $-423 Mil. Its Operating Income for the three months ended in Dec. 2023 was $478 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $24,980 Mil.

Altice USA'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	*	477.686	/	-422.917
	=	1.13

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. Altice USA Inc interest coverage is 1.17, which is low.

Altice USA (Altice USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Altice USA Inc (NYSE:ATUS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

15PA:Germany 15PA:Germany

Address

1 Court Square West, Long Island City, New York, NY, USA, 11101

Website

https://www.alticeusa.com

Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.

Executives

Alexandre Fonseca	director	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Marc Sirota	officer: Chief Financial Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Patrick Drahi	director, 10 percent owner	WIESTISTRASSE 14, ZERMATT V8 3920
Next Alt S.a.r.l.	director, 10 percent owner	5, RUE EUGENE RUPPERT, GRAND DUCHY OF LUXEMBOURG N4 L-2453
Dennis Mathew	officer: Chief Executive Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Maria Bruzzese	officer: Chief Accounting Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Charles Stewart	officer: Co-President & CFO	1111 STEWART AVENUE, BETHPAGE NY 11714
Mark Mullen	director	1111 STEWART AVENUE, BETHPAGE NY 11714
Susan C Schnabel	director	C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010
Gerrit Jan Bakker	director	15 RUE PIERRE FATIO 6TH FLOOR, GENEVA V8 1204
Raymond Svider	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Michael Olsen	officer: Acting Gen Counsel & Secretary	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Michael Grau	officer: Chief Financial Officer	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Soroban Opportunities Master Fund Lp	10 percent owner	WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD, GEORGE TOWN E9 KY1-9008
Soroban Capital Gp Llc	10 percent owner	55 WEST 46TH STREET, 32ND FLOOR, NEW YORK NY 10036