Saga Communications (Saga Communications) Interest Expense : $-0.2 Mil (TTM As of Dec. 2023)

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What is Saga Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saga Communications's interest expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.2 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. Saga Communications's Operating Income for the three months ended in Dec. 2023 was $ 2.8 Mil. Saga Communications's Interest Expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Saga Communications's Interest Coverage for the quarter that ended in Dec. 2023 was 65.00. 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.

Saga Communications Interest Expense Historical Data

The historical data trend for Saga Communications'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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Saga Communications Interest Expense Chart

Saga Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.74

-0.34

-0.28

-0.13

-0.17

Saga Communications 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															-0.03	-0.04	-0.04	-0.04	-0.04

Saga Communications 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 $-0.2 Mil.

Saga Communications (NAS:SGA) 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.

Saga Communications's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.0 Mil.

Saga Communications'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	*	2.795	/	-0.043
	=	65.00

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

Good Sign:

Saga Communications Inc has no debt.

Saga Communications (Saga Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Saga Communications Inc (NAS:SGA) » Definitions » Interest Expense

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Traded in Other Exchanges

SGHB:Germany

Address

73 Kercheval Avenue, Grosse Pointe Farms, MI, USA, 48236

Website

https://sagacom.com

Saga Communications Inc is a broadcast company engaged in acquiring, developing, and operating broadcast properties. The company's objective is to operate top-billing radio stations in mid-sized markets and It derives a majority of its revenue from the sale of advertising for broadcast on its stations.

Executives

Michael W Schechter	director	C/O TOWERVIEW LLC, 460 PARK AVENUE, NEW YORK NY 10022
Wayne Leland	officer: SVP of Operations	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Edward K. Christian Trust	10 percent owner	500 WOODWARD AVENUE, SUITE 4000, DETROIT MI 48226
Christopher Forgy	officer: SVP - OPERATIONS	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Michael J. Bergner	director	C/O SAGA COMMUNICATIONS, INC., 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Towerview Llc	10 percent owner	460 PARK AVENUE, NEW YORK NY 10022
Warren S Lada	officer: Senior VP - Operations	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gregory Dean Pearce	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Catherine A Bobinski	officer: VP, Contr & Chf Acctg Officer	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Marcia Lobaito	officer: Senior VP and Secretary	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Samuel D Bush	officer: Senior VP and CFO	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
David B Stephens	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Timothy J. Clarke	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gary G Stevens	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Coppedge Roy F Iii	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236