Outfront Media (Outfront Media) Interest Expense

: $-158 Mil (TTM As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Outfront Media's interest expense for the three months ended in Dec. 2023 was $ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-158 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. Outfront Media's Operating Income for the three months ended in Dec. 2023 was $ 108 Mil. Outfront Media's Interest Expense for the three months ended in Dec. 2023 was $ -41 Mil. Outfront Media's Interest Coverage for the quarter that ended in Dec. 2023 was 2.64. 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.

Outfront Media Interest Expense Historical Data

The historical data trend for Outfront Media'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.

Outfront Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-134.90

-131.10

-130.40

-131.80

-158.40

Outfront Media Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-35.90	-37.70	-39.70	-40.20	-40.80

Outfront Media 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 $-158 Mil.

Outfront Media (NYSE:OUT) 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.

Outfront Media's Interest Expense for the three months ended in Dec. 2023 was $-41 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 $4,094 Mil.

Outfront Media'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	*	107.8	/	-40.8
	=	2.64

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. Outfront Media Inc interest coverage is 1.65, which is low.

Outfront Media (Outfront Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Outfront Media Inc (NYSE:OUT) » Definitions » Interest Expense

Comparable Companies

HASI UNIT FPI LAND NLCP AFCG EPR CORR PW PCH AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN

Traded in Other Exchanges

76C:Germany

Address

405 Lexington Avenue, 17th Floor, New York, NY, USA, 10174

Website

https://www.outfrontmedia.com

Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.

Executives

Clive A. Punter	officer: EVP and Chief Revenue Officer	C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Patrick Martin	officer: SVP, Controller, CAO	405 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10174
Jeremy J. Male	officer: Chief Executive Officer	C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Richard H. Sauer	officer: EVP, General Counsel & Sec.	C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Peter Mathes	director	C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Pep Viii-a Aiv Spv, L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii (scotland) Spv, L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii-a Spv, L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Spv, L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Gp Llc	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Co-invest Spv, L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Michael J Dominguez	director	C/O PROVIDENCE EQUITY PARTNERS, INC., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Gp Viii (scotland) L.p.	10 percent owner	50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii-a L.p.	10 percent owner	PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii (scotland) L.p.	10 percent owner	PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903