Alliance Entertainment Holding (Alliance Entertainment Holding) Interest Expense : $-12 Mil (TTM As of Dec. 2023)

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What is Alliance Entertainment Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alliance Entertainment Holding's interest expense for the three months ended in Dec. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12 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. Alliance Entertainment Holding's Operating Income for the three months ended in Dec. 2023 was $ 16 Mil. Alliance Entertainment Holding's Interest Expense for the three months ended in Dec. 2023 was $ -3 Mil. Alliance Entertainment Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 4.82. 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.

Alliance Entertainment Holding Interest Expense Historical Data

The historical data trend for Alliance Entertainment Holding'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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Alliance Entertainment Holding Interest Expense Chart

Alliance Entertainment Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-3.52

-2.94

-4.06

-11.72

Alliance Entertainment Holding Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial						-3.54	-3.21	-2.61	-3.14	-3.33

Alliance Entertainment Holding 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 $-12 Mil.

Alliance Entertainment Holding (NAS:AENT) 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.

Alliance Entertainment Holding's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $113 Mil.

Alliance Entertainment Holding'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	*	16.031	/	-3.328
	=	4.82

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

Alliance Entertainment Holding (Alliance Entertainment Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alliance Entertainment Holding Corp (NAS:AENT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 Peters Road, Suite 1000, Plantation, FL, USA, 33324

Website

https://www.aent.com

Alliance Entertainment Holding Corp is a top tier distributor of music, movies, and consumer electronics. It offers more than 485,000 SKU products, consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.