MGI - Media and Games Invest SE (MGI - Media and Games Invest SE) Interest Expense : $-43.2 Mil (TTM As of Mar. 2024)

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What is MGI - Media and Games Invest SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MGI - Media and Games Invest SE's interest expense for the three months ended in Mar. 2024 was $ -15.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-43.2 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. MGI - Media and Games Invest SE's Operating Income for the three months ended in Mar. 2024 was $ 13.3 Mil. MGI - Media and Games Invest SE's Interest Expense for the three months ended in Mar. 2024 was $ -15.8 Mil. MGI - Media and Games Invest SE's Interest Coverage for the quarter that ended in Mar. 2024 was 0.84. 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.

MGI - Media and Games Invest SE Interest Expense Historical Data

The historical data trend for MGI - Media and Games Invest SE'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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MGI - Media and Games Invest SE Interest Expense Chart

MGI - Media and Games Invest SE Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.49

-9.11

-25.79

-40.58

MGI - Media and Games Invest SE 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															-11.59	-13.80	-13.63	-	-15.81

MGI - Media and Games Invest SE 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 $-43.2 Mil.

MGI - Media and Games Invest SE (OTCPK:MGIMF) 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.

MGI - Media and Games Invest SE's Interest Expense for the three months ended in Mar. 2024 was $-15.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $13.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $385.6 Mil.

MGI - Media and Games Invest SE'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	*	13.329	/	-15.808
	=	0.84

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

MGI - Media and Games Invest SE (MGI - Media and Games Invest SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MGI - Media and Games Invest SE (OTCPK:MGIMF) » Definitions » Interest Expense

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M8G:Sweden M8G:Germany

Address

Stureplan 6, Stockholm, SWE, 114 35

Website

https://www.mgi-se.com

MGI - Media and Games Invest SE is an advertising software platform with first-party games content with a main operational presence in Europe and North America. It helps advertisers acquire customers through smartphones, computers, connected TV, or digital-out-of-home media (DOOH) as well as publishers to efficiently and optimally monetize their advertising space. The company's software platform uses first-party data from its own games to match global advertiser demand with publisher advertisement supply and also offers a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space on all digital devices.