GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (FRA:PL8) » Definitions » Interest Expense

Playtech (FRA:PL8) Interest Expense : €-41 Mil (TTM As of Jun. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Playtech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Playtech's interest expense for the six months ended in Jun. 2024 was € -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-41 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. Playtech's Operating Income for the six months ended in Jun. 2024 was € 142 Mil. Playtech's Interest Expense for the six months ended in Jun. 2024 was € -20 Mil. Playtech's Interest Coverage for the quarter that ended in Jun. 2024 was 7.22. 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.

Playtech Interest Expense Historical Data

The historical data trend for Playtech'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.

Playtech Interest Expense Chart

Playtech 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 -51.46 -48.00 -47.60 -47.20 -36.90

Playtech 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 -23.70 -23.50 -16.10 -20.80 -19.70

Playtech 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 €-41 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.

Playtech  (FRA:PL8) 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.

Playtech's Interest Expense for the six months ended in Jun. 2024 was €-20 Mil. Its Operating Income for the six months ended in Jun. 2024 was €142 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €709 Mil.

Playtech'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*142.2/-19.7
=7.22

* 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.

Playtech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (FRA:PL8) » Definitions » Interest Expense
Comparable Companies
LSE:RNK LSE:EVOK LSE:GMR LSE:CMX LSE:B90 LSE:WEB LSE:ENT FLUT ASX:ALL DKNG OSTO:EVO CHDN LNW ASX:TLC XPAR:FDJ ATH:OPAP IGT MIL:LTMC TSE:6417 SGHC
Traded in Other Exchanges
PYTCY:USA PTECl:UK PTEC:UK
Address
Upper Church Street, Ground Floor, St George’s Court, Douglas, IMN, IM1 1EE
Website
https://www.playtech.com
Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and gaming B2C. Gaming B2B is the division that operates casinos, services, sports, bingo, poker, and other B2B gambling. The segment gaming B2C controls Snaitech, Sun Bingo, and other B2C gambling. The company is based on the Isle of Man and generates the majority of its revenue from Italy and the United Kingdom.

Playtech Headlines

No Headlines