CMLS (Cumulus Media) Interest Expense : $-70.5 Mil (TTM As of Sep. 2024)

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What is Cumulus Media Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cumulus Media's interest expense for the three months ended in Sep. 2024 was $ -18.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-70.5 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. Cumulus Media's Operating Income for the three months ended in Sep. 2024 was $ 6.7 Mil. Cumulus Media's Interest Expense for the three months ended in Sep. 2024 was $ -18.1 Mil. Cumulus Media's Interest Coverage for the quarter that ended in Sep. 2024 was 0.37. 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.

Cumulus Media Interest Expense Historical Data

The historical data trend for Cumulus Media'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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Cumulus Media Interest Expense Chart

Cumulus Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-76.60

-63.70

-64.32

-62.54

-69.03

Cumulus Media Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-17.36	-17.31	-16.87	-18.15	-18.14

Cumulus Media 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-70.5 Mil.

Cumulus Media (NAS:CMLS) 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.

Cumulus Media's Interest Expense for the three months ended in Sep. 2024 was $-18.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was $6.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $771.5 Mil.

Cumulus Media's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	6.685	/	-18.139
	=	0.37

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

Cumulus Media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cumulus Media Inc (NAS:CMLS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

780 Johnson Ferry Road North East, Suite 500, Atlanta, GA, USA, 30342

Website

https://www.cumulusmedia.com

Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people every month wherever and whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

Executives

Deborah A Farrington	director	STARVEST PARTNERS, L.P., 750 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Edward Milner	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Richard Denning	officer: EVP, GEN COUNSEL & SECRETARY	3280 PEACHTREE ROAD NW SUITE 2300, ATLANTA GA 30305
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Francisco J Lopez-balboa	officer: EVP and CFO	3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Sallie Kimbrough	officer: See Remarks	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Robert J Walker	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Mary G. Berner	director, officer: PRESIDENT & CEO	C/O CUMULUS MEDIA, INC., 3280 PEACHTREE ROAD, NW, ATLANTA GA 30305
Suzanne M Grimes	officer: EVP Corporate Marketing	200 EAST BASSE ROAD, SAN ANTONIO TX 78209
John Abbot	officer: EVP, TREASURER & CFO
Sp Signal Manager, Llc	10 percent owner	2 GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Nimbus Atlas Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Thomas H Castro	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Blank	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David M Baum	director	784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078