Gannett Co (FRA:2N2A) Interest Expense : €-102 Mil (TTM As of Mar. 2024)

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What is Gannett Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gannett Co's interest expense for the three months ended in Mar. 2024 was € -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-102 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. Gannett Co's Operating Income for the three months ended in Mar. 2024 was € 13 Mil. Gannett Co's Interest Expense for the three months ended in Mar. 2024 was € -24 Mil. Gannett Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.55. 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.

Gannett Co Interest Expense Historical Data

The historical data trend for Gannett Co'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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Gannett Co Interest Expense Chart

Gannett Co Annual Data

Trend

Dec14

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Dec16

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Dec23

Interest Expense

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-57.29

-187.84

-120.14

-102.30

-102.50

Gannett Co 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															-26.46	-26.36	-26.16	-24.73	-24.44

Gannett Co 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 €-102 Mil.

Gannett Co (FRA:2N2A) 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.

Gannett Co's Interest Expense for the three months ended in Mar. 2024 was €-24 Mil. Its Operating Income for the three months ended in Mar. 2024 was €13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,069 Mil.

Gannett Co'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	*	13.373	/	-24.44
	=	0.55

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

Gannett Co (FRA:2N2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gannett Co Inc (FRA:2N2A) » Definitions » Interest Expense

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GCI:USA

Address

7950 Jones Branch Drive, McLean, VA, USA, 22107-0910

Website

https://www.gannett.com

Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The Group operate in two segments, Gannett Media and Digital Marketing Solutions. The majority of revenue is from the Gannett media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest to provide more than 150 local media brands.

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