Salem Media Group (Salem Media Group) Interest Expense : $-13.7 Mil (TTM As of Sep. 2023)

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What is Salem Media Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salem Media Group's interest expense for the three months ended in Sep. 2023 was $ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-13.7 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. Salem Media Group's Operating Income for the three months ended in Sep. 2023 was $ -1.0 Mil. Salem Media Group's Interest Expense for the three months ended in Sep. 2023 was $ -3.6 Mil. Salem Media Group did not have earnings to cover the interest expense. 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.

Salem Media Group Interest Expense Historical Data

The historical data trend for Salem Media Group'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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Salem Media Group Interest Expense Chart

Salem Media Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-18.33

-17.50

-16.08

-15.80

-13.06

Salem Media Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-3.14	-3.14	-3.43	-3.54	-3.63

Salem Media Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.7 Mil.

Salem Media Group (OTCPK:SALM) 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.

Salem Media Group's Interest Expense for the three months ended in Sep. 2023 was $-3.6 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-1.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $195.5 Mil.

Salem Media Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Salem Media Group did not have earnings to cover the interest expense.

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

Salem Media Group (Salem Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Salem Media Group Inc (OTCPK:SALM) » Definitions » Interest Expense

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Traded in Other Exchanges

YSLA:Germany

Address

6400 North Belt Line Road, Irving, TX, USA, 75063

Website

http://www.salemmedia.com

Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web.

Executives

Jacki L Pick	director	6400 N BELT LINE ROAD, IRVING TX 75063
Eugene Allen Power	officer: President Broadcast Media	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Epperson 2022 Gst Trust	10 percent owner	3780 WILL SCARLET ROAD, WINSTON SALEM NC 27104
Epperson Stuart W. Jr.	director, 10 percent owner	4880 SANTA ROSA RD., CAMARILLO CA 93012
Stuart W Epperson	10 percent owner	3780 WILL SCARLET RD, WINSTON SALEM NC 27104
Evan D Masyr	officer: V.P. and Corporate Controller	4880 SANTA ROSA ROAD, STE 300, CAMARILLO CA 93012
David P Santrella	officer: President - Broadcast Media	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Christopher J Henderson	officer: SVP, General Counsel & Secy	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
David Evans	officer: Senior Vice President and CFO	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Atsinger Edward G Iii	director, 10 percent owner, officer: CEO and President	4880 SANTA ROSA RD, CAMARILLO CA 93012
Heather W Grizzle	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93010
James Keet Lewis	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Edward C. Atsinger	director	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Jonathan Venverloh	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Eric H Halvorson	director	4880 SANTA ROSA RD, CAMARILLO CA 93012