GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (LTS:0JVD) » Definitions » Interest Expense

Live Nation Entertainment (LTS:0JVD) Interest Expense : $-340 Mil (TTM As of Jun. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Live Nation Entertainment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Live Nation Entertainment's interest expense for the three months ended in Jun. 2024 was $ -80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-340 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. Live Nation Entertainment's Operating Income for the three months ended in Jun. 2024 was $ 465 Mil. Live Nation Entertainment's Interest Expense for the three months ended in Jun. 2024 was $ -80 Mil. Live Nation Entertainment's Interest Coverage for the quarter that ended in Jun. 2024 was 5.82. 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.

Live Nation Entertainment Interest Expense Historical Data

The historical data trend for Live Nation Entertainment'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.

Live Nation Entertainment Interest Expense Chart

Live Nation Entertainment 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 -157.52 -226.83 -282.44 -278.48 -350.24

Live Nation Entertainment 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 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 -82.00 -86.22 -92.82 -80.69 -79.97

Live Nation Entertainment 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 $-340 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.

Live Nation Entertainment  (LTS:0JVD) 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.

Live Nation Entertainment's Interest Expense for the three months ended in Jun. 2024 was $-80 Mil. Its Operating Income for the three months ended in Jun. 2024 was $465 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $6,722 Mil.

Live Nation Entertainment'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*465.04/-79.97
=5.82

* 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.

Live Nation Entertainment Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (LTS:0JVD) » Definitions » Interest Expense
Comparable Companies
FWONA WBD FOXA WMG NWSA ROKU TKO SIRI EDR PARA NFLX DIS XAMS:UMG XPAR:BOL XPAR:VIV XTER:EVD XPAR:ODET TSE:9602 XKRX:352820 MEX:CABLECPO
Traded in Other Exchanges
LYV:USA LYV:Mexico 3LN:Germany L1YV34:Brazil
Address
9348 Civic Center Drive, Beverly Hills, CA, USA, 90210
Website
https://www.livenationentertainment.com
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.

Live Nation Entertainment Headlines

No Headlines