Planet Fitness (Planet Fitness) Interest Expense : $-87 Mil (TTM As of Dec. 2023)

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What is Planet Fitness Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Planet Fitness's interest expense for the three months ended in Dec. 2023 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-87 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. Planet Fitness's Operating Income for the three months ended in Dec. 2023 was $ 71 Mil. Planet Fitness's Interest Expense for the three months ended in Dec. 2023 was $ -22 Mil. Planet Fitness's Interest Coverage for the quarter that ended in Dec. 2023 was 3.27. 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.

Planet Fitness Interest Expense Historical Data

The historical data trend for Planet Fitness'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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Planet Fitness Interest Expense Chart

Planet Fitness Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-60.85

-82.12

-81.21

-88.63

-86.58

Planet Fitness 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															-22.10	-21.60	-21.47	-21.70	-21.81

Planet Fitness 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 $-87 Mil.

Planet Fitness (NYSE:PLNT) 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.

Planet Fitness's Interest Expense for the three months ended in Dec. 2023 was $-22 Mil. Its Operating Income for the three months ended in Dec. 2023 was $71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,344 Mil.

Planet Fitness'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	*	71.356	/	-21.805
	=	3.27

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

Planet Fitness (Planet Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Planet Fitness Inc (NYSE:PLNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3PL:Germany

Address

4 Liberty Lane West, Hampton, NH, USA, 03842

Website

https://www.planetfitness.com

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.

Executives

Craig R Benson	director
Christopher Rondeau	director, officer: CEO	4 LIBERTY LANE WEST, C/O PLANET FITNESS INC, HAMPTON NH 03842
Jennifer Simmons	officer: Div President, Corp Stores	4 LIBERTY LANE WEST, HAMPTON NH 03842
Brian O'donnell	officer: VP, Chief Accounting Officer	4 LIBERTY LANE WEST, HAMPTON NH 03842
Edward Hymes	officer: President, COO	4 LIBERTY LANE WEST, HAMPTON NH 03842
William Bode	officer: Chief Operations Officer	4 LIBERTY LANE WEST, HAMPTON NH 03842
Shane Mcguiness	officer: President, Corporate Clubs	4 LIBERTY LANE WEST, HAMPTON NH 03842
Jeremy Tucker	officer: Chief Marketing Officer	4 LIBERTY LANE WEST, HAMPTON NH 03842
Dorvin D Lively	officer: CFO
Fitzgerald Thomas J Iii	officer: Chief Financial Officer	111 NORTH CANAL STREET, SUITE 850, CHICAGO IL 60606
Bernard Acoca	director	C/O EL POLLO LOCO HOLDINGS, INC., 3535 HARBOR BLVD., SUITE 100, COSTA MESA CA 92626
Christopher Tanco	director	2001 COTTONWOOD VALLEY CIRCLE SOUTH, IRVING TX 75038
Craig Jeffrey Miller	officer: Chief Digital & Information Of	5008 HARTRIDGE WAY, GREENSBORO NC 27407
Enshalla Anderson	director	4 LIBERTY LANE WEST, HAMPTON NH 03842
David P Berg	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423