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CTS Eventim AG. KGaA (FRA:EVD) Interest Expense : €-7 Mil (TTM As of Dec. 2023)


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What is CTS Eventim AG. KGaA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTS Eventim AG. KGaA's interest expense for the three months ended in Dec. 2023 was € 1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-7 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. CTS Eventim AG. KGaA's Operating Income for the three months ended in Dec. 2023 was € 262 Mil. CTS Eventim AG. KGaA's Interest Expense for the three months ended in Dec. 2023 was € 1 Mil. CTS Eventim AG. KGaA did not have earnings to cover the interest expense. 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.

CTS Eventim AG. KGaA Interest Expense Historical Data

The historical data trend for CTS Eventim AG. KGaA'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.

CTS Eventim AG. KGaA Interest Expense Chart

CTS Eventim AG. KGaA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.59 -4.06 -4.57 -5.08 -7.41

CTS Eventim AG. KGaA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 -4.31 -11.27 6.95 1.22

CTS Eventim AG. KGaA 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 €-7 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.

CTS Eventim AG. KGaA  (FRA:EVD) 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.

CTS Eventim AG. KGaA's Interest Expense for the three months ended in Dec. 2023 was €1 Mil. Its Operating Income for the three months ended in Dec. 2023 was €262 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €102 Mil.

CTS Eventim AG. KGaA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CTS Eventim AG & Co. KGaA has enough cash to cover all of its debt. Its financial situation is stable.

CTS Eventim AG. KGaA (FRA:EVD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (FRA:EVD) » Definitions » Interest Expense
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Address
Contrescarpe 75 A, Bremen, HB, DEU, 28195
Website
https://www.eventim.de
CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (FRA:EVD) Headlines

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