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Universal Music Group NV (WBO:UMG) Interest Expense : €-135 Mil (TTM As of Dec. 2024)


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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. 2024 was € -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-135 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. 2024 was € 1,021 Mil. Universal Music Group NV's Interest Expense for the six months ended in Dec. 2024 was € -70 Mil. Universal Music Group NV's Interest Coverage for the quarter that ended in Dec. 2024 was 14.59. 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.

* Premium members only.

Universal Music Group NV Interest Expense Chart

Universal Music Group NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial -49.00 -43.00 -68.00 -113.00 -135.00

Universal Music Group NV Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -45.00 -52.00 -61.00 -65.00 -70.00

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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-135 Mil.

* 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.

Universal Music Group NV  (WBO:UMG) Interest Expense Explanation

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. The higher, the better.

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. 2024 was €-70 Mil. Its Operating Income for the six months ended in Dec. 2024 was €1,021 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was €2,253 Mil.

Universal Music Group NV's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1021/-70
=14.59

* 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.

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

Universal Music Group NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (WBO:UMG) » Definitions » Interest Expense
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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 is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

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