Laureate Education (FRA:LA3A) Interest Expense : €-17 Mil (TTM As of Jun. 2024)

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What is Laureate Education Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Laureate Education's interest expense for the three months ended in Jun. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-17 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. Laureate Education's Operating Income for the three months ended in Jun. 2024 was € 155 Mil. Laureate Education's Interest Expense for the three months ended in Jun. 2024 was € -5 Mil. Laureate Education's Interest Coverage for the quarter that ended in Jun. 2024 was 32.48. 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.

Laureate Education Interest Expense Historical Data

The historical data trend for Laureate Education'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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Laureate Education Interest Expense Chart

Laureate Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-112.54

-82.94

-40.95

-15.50

-19.24

Laureate Education Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-5.66	-4.84	-3.42	-4.29	-4.77

Laureate Education 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-17 Mil.

Laureate Education (FRA:LA3A) 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.

Laureate Education's Interest Expense for the three months ended in Jun. 2024 was €-5 Mil. Its Operating Income for the three months ended in Jun. 2024 was €155 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €482 Mil.

Laureate Education's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	154.767	/	-4.765
	=	32.48

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

Laureate Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Laureate Education Inc (FRA:LA3A) » Definitions » Interest Expense

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Traded in Other Exchanges

LAUR:USA LAUR:Mexico

Address

PMB 1158, 1000 Brickell Avenue, Suite 715, Miami, FL, USA, 33131

Website

https://investors.laureate.net

Laureate Education Inc is an international community of universities. The company provides higher education programs and services to students through an international network of licensed universities and higher education institutions. Its geographical segments include Peru and Mexico.

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