Sonic (SONC) Interest Expense : $-33.1 Mil (TTM As of Aug. 2018)

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What is Sonic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sonic's interest expense for the three months ended in Aug. 2018 was $ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2018 was $-33.1 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. Sonic's Operating Income for the three months ended in Aug. 2018 was $ 32.4 Mil. Sonic's Interest Expense for the three months ended in Aug. 2018 was $ -8.6 Mil. Sonic's Interest Coverage for the quarter that ended in Aug. 2018 was 3.75. 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.

Sonic Interest Expense Historical Data

The historical data trend for Sonic'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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Sonic Interest Expense Chart

Sonic Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Interest Expense

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-25.38

-25.11

-26.71

-29.21

-33.06

Sonic Quarterly Data
	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18
Interest Expense	Get a 7-Day Free Trial															-7.47	-7.68	-8.14	-8.60	-8.65

Sonic 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 Aug. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.1 Mil.

Sonic (NAS:SONC) 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.

Sonic's Interest Expense for the three months ended in Aug. 2018 was $-8.6 Mil. Its Operating Income for the three months ended in Aug. 2018 was $32.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2018 was $714.5 Mil.

Sonic's Interest Coverage for the quarter that ended in Aug. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2018 )	/	Interest Expense (Q: Aug. 2018 )
	=	-1	*	32.444	/	-8.647
	=	3.75

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

Sonic (SONC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sonic Corp (NAS:SONC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.sonicdrivein.com

Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.

Executives

Steven A Davis	director	3776 SOUTH HIGH ST, COLUMBUS OH 43207
Lauren R Hobart	director	345 COURT STREET, CORAOPOLIS PA 15275
Tony Bartel	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy L Taylor	director	C/O FREDERIC DORWART LAWYERS, 124 EAST FOURTH STREET, TULSA OK 74103
Pedro Claudia San	officer: President	300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Kate S Lavelle	director	24089 3RD STREET, FAIRHOPE AL 36532
Federico F Pena	director	711 HIGH STREET, DES MOINES IA 50392-0300
J Larry Nichols	director	DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Southeastern Asset Management Inc/tn/	10 percent owner	6410 POPLAR AVENUE, SUITE 900, MEMPHIS TN 38119
Longleaf Partners Funds Trust	10 percent owner	C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119
Todd Whitney Smith	officer: President and CMO	300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Craig Jeffrey Miller	officer: Former Officer of Subsidiary	5008 HARTRIDGE WAY, GREENSBORO NC 27407
Robert M Rosenberg	director
Michael J Maples	director	2208 WINDSOR ROAD, AUSTIN TX 78703
Douglas N Benham	director