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Grupo Sports WorldB de CV (MEX:SPORTS) Interest Expense : MXN-318 Mil (TTM As of Jun. 2024)


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What is Grupo Sports WorldB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo Sports WorldB de CV's interest expense for the three months ended in Jun. 2024 was MXN -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was MXN-318 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. Grupo Sports WorldB de CV's Operating Income for the three months ended in Jun. 2024 was MXN 99 Mil. Grupo Sports WorldB de CV's Interest Expense for the three months ended in Jun. 2024 was MXN -77 Mil. Grupo Sports WorldB de CV's Interest Coverage for the quarter that ended in Jun. 2024 was 1.29. 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.


Grupo Sports WorldB de CV Interest Expense Historical Data

The historical data trend for Grupo Sports WorldB de CV'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.

Grupo Sports WorldB de CV Interest Expense Chart

Grupo Sports WorldB de CV 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 -361.13 -350.44 -352.69 -358.72 -331.61

Grupo Sports WorldB de CV 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 -83.75 -81.96 -80.07 -78.77 -77.03

Grupo Sports WorldB de CV 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-318 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.


Grupo Sports WorldB de CV  (MEX:SPORTS) 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.

Grupo Sports WorldB de CV's Interest Expense for the three months ended in Jun. 2024 was MXN-77 Mil. Its Operating Income for the three months ended in Jun. 2024 was MXN99 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was MXN1,992 Mil.

Grupo Sports WorldB de CV'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*99.326/-77.031
=1.29

* 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. Grupo Sports World SAB de CV interest coverage is 1.25, which is low.


Grupo Sports WorldB de CV Business Description

Traded in Other Exchanges
N/A
Address
Avenue Vasco de Quiroga No. 3880, Level 2, Santa Fe, DF, MEX, 05348
Grupo Sports World SAB de CV is an operator of family sports clubs in Mexico and the only public company in the Wellness industry in Latin America. The company offers a wide range of activities and sports programs focused on the specific needs and demands of clients, as well as training, health and nutrition services in accordance with the latest international trends in the industry.

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