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Penn National Gaming Inc  (NAS:PENN) Interest Expense: $-464 Mil (TTM As of Sep. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Penn National Gaming Inc's interest expense for the three months ended in Sep. 2017 was $ -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2017 was $-464 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. Penn National Gaming Inc's Operating Income for the three months ended in Sep. 2017 was $ 144 Mil. Penn National Gaming Inc's Interest Expense for the three months ended in Sep. 2017 was $ -118 Mil. Penn National Gaming Inc's Interest Coverage for the quarter that ended in Sep. 2017 was 1.22. 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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Penn National Gaming Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -82.12 -159.90 -425.11 -443.13 -459.24

Penn National Gaming Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -114.35 -113.70 -115.00 -116.77 -118.24

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 Sep. 2017 was -113.695 (Dec. 2016 ) + -114.996 (Mar. 2017 ) + -116.768 (Jun. 2017 ) + -118.236 (Sep. 2017 ) = $-464 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.

Penn National Gaming Inc's Interest Expense for the three months ended in Sep. 2017 was $-118 Mil. Its Operating Income for the three months ended in Sep. 2017 was $144 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2017 was $4,773 Mil.

Penn National Gaming Inc's Interest Coverage for the quarter that ended in Sep. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2017 )/Interest Expense (Q: Sep. 2017 )
=-1*143.663/-118.236
=1.22

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Penn National Gaming Inc interest coverage is 1.15, which is low.


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