Universal Music Group NV (WBO:UMG) Interest Expense : €-113 Mil (TTM As of Dec. 2023)

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What is Universal Music Group NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Universal Music Group NV's interest expense for the six months ended in Dec. 2023 was € -61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-113 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. Universal Music Group NV's Operating Income for the six months ended in Dec. 2023 was € 820 Mil. Universal Music Group NV's Interest Expense for the six months ended in Dec. 2023 was € -61 Mil. Universal Music Group NV's Interest Coverage for the quarter that ended in Dec. 2023 was 13.44. 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.

Universal Music Group NV Interest Expense Historical Data

The historical data trend for Universal Music Group NV'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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Universal Music Group NV Interest Expense Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.00

-49.00

-43.00

-68.00

-113.00

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-20.00	-23.00	-45.00	-52.00	-61.00

Universal Music Group NV 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 semi-annually data reported by the company within the most recent 12 months, which was €-113 Mil.

Universal Music Group NV (WBO:UMG) 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.

Universal Music Group NV's Interest Expense for the six months ended in Dec. 2023 was €-61 Mil. Its Operating Income for the six months ended in Dec. 2023 was €820 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,150 Mil.

Universal Music Group NV'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	*	820	/	-61
	=	13.44

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

Universal Music Group NV (WBO:UMG) Business Description

Industry

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Traded in Other Exchanges

UNVGY:USA UMGNF:USA UMG:Netherlands UMGa:UK 0VD:Germany

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.

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