Nexstar Media Group (FRA:NXZ) Interest Expense : €-419 Mil (TTM As of Mar. 2024)

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What is Nexstar Media Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nexstar Media Group's interest expense for the three months ended in Mar. 2024 was € -105 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-419 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. Nexstar Media Group's Operating Income for the three months ended in Mar. 2024 was € 259 Mil. Nexstar Media Group's Interest Expense for the three months ended in Mar. 2024 was € -105 Mil. Nexstar Media Group's Interest Coverage for the quarter that ended in Mar. 2024 was 2.47. 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.

Nexstar Media Group Interest Expense Historical Data

The historical data trend for Nexstar Media Group'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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Nexstar Media Group Interest Expense Chart

Nexstar Media Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-273.92

-275.62

-250.46

-318.13

-409.90

Nexstar Media Group 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															-99.94	-102.45	-105.88	-105.46	-104.88

Nexstar Media Group 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 €-419 Mil.

Nexstar Media Group (FRA:NXZ) 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.

Nexstar Media Group's Interest Expense for the three months ended in Mar. 2024 was €-105 Mil. Its Operating Income for the three months ended in Mar. 2024 was €259 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €6,151 Mil.

Nexstar Media Group'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	*	259.44	/	-104.88
	=	2.47

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

Nexstar Media Group (FRA:NXZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nexstar Media Group Inc (FRA:NXZ) » Definitions » Interest Expense

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NXST:USA

Address

545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062

Website

https://www.nexstar.tv

Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.

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