Light & Wonder (ASX:LNW) Interest Expense : A$-468 Mil (TTM As of Mar. 2024)

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What is Light & Wonder Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Light & Wonder's interest expense for the three months ended in Mar. 2024 was A$ -114 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was A$-468 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. Light & Wonder's Operating Income for the three months ended in Mar. 2024 was A$ 261 Mil. Light & Wonder's Interest Expense for the three months ended in Mar. 2024 was A$ -114 Mil. Light & Wonder's Interest Coverage for the quarter that ended in Mar. 2024 was 2.28. 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.

Light & Wonder Interest Expense Historical Data

The historical data trend for Light & Wonder'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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Light & Wonder Interest Expense Chart

Light & Wonder Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-855.23

-667.98

-668.24

-484.61

-461.65

Light & Wonder Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-112.35	-116.22	-121.37	-116.53	-114.38

Light & Wonder 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-468 Mil.

Light & Wonder (ASX:LNW) 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.

Light & Wonder's Interest Expense for the three months ended in Mar. 2024 was A$-114 Mil. Its Operating Income for the three months ended in Mar. 2024 was A$261 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was A$5,926 Mil.

Light & Wonder's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	260.775	/	-114.375
	=	2.28

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

Light & Wonder (ASX:LNW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Light & Wonder Inc (ASX:LNW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LNW:USA TJW0:Germany

Address

6601 Bermuda Road, Las Vegas, NV, USA, 89119

Website

https://www.lnw.com

Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.