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Melco International Development (FRA:MX7A) Interest Expense : €-499 Mil (TTM As of Jun. 2024)


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What is Melco International Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melco International Development's interest expense for the six months ended in Jun. 2024 was € -245 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-499 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. Melco International Development's Operating Income for the six months ended in Jun. 2024 was € 218 Mil. Melco International Development's Interest Expense for the six months ended in Jun. 2024 was € -245 Mil. Melco International Development's Interest Coverage for the quarter that ended in Jun. 2024 was 0.89. 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.


Melco International Development Interest Expense Historical Data

The historical data trend for Melco International Development'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.

Melco International Development Interest Expense Chart

Melco International Development 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 -305.87 -292.82 -315.52 -374.76 -485.68

Melco International Development Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -171.99 -201.75 -232.05 -254.45 -244.79

Melco International Development 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 semi-annually data reported by the company within the most recent 12 months, which was €-499 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.


Melco International Development  (FRA:MX7A) 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.

Melco International Development's Interest Expense for the six months ended in Jun. 2024 was €-245 Mil. Its Operating Income for the six months ended in Jun. 2024 was €218 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €6,607 Mil.

Melco International Development'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*217.961/-244.787
=0.89

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Melco International Development Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Melco International Development Business Description

Traded in Other Exchanges
Address
60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.

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