Live Nation Entertainment (MEX:LYV) Interest Expense : MXN-5,882 Mil (TTM As of Jun. 2024)

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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 MXN -1,465 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was MXN-5,882 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 MXN 8,520 Mil. Live Nation Entertainment's Interest Expense for the three months ended in Jun. 2024 was MXN -1,465 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.

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Live Nation Entertainment Interest Expense Chart

Live Nation Entertainment Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,970.85

-4,512.14

-5,793.97

-5,429.31

-5,945.13

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															-1,405.71	-1,501.77	-1,575.53	-1,339.17	-1,465.06

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 MXN-5,882 Mil.

Live Nation Entertainment (MEX:LYV) 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.

Live Nation Entertainment's Interest Expense for the three months ended in Jun. 2024 was MXN-1,465 Mil. Its Operating Income for the three months ended in Jun. 2024 was MXN8,520 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was MXN123,150 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	*	8519.581	/	-1465.059
	=	5.82

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

Live Nation Entertainment Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

LYV:USA 0JVD:UK 3LN:Germany 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.