Lottomatica Group SpA (MIL:LTMC) Interest Expense : €-229 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Lottomatica Group SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lottomatica Group SpA's interest expense for the three months ended in Mar. 2024 was € -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-229 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. Lottomatica Group SpA's Operating Income for the three months ended in Mar. 2024 was € 92 Mil. Lottomatica Group SpA's Interest Expense for the three months ended in Mar. 2024 was € -44 Mil. Lottomatica Group SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 2.09. 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.

Lottomatica Group SpA Interest Expense Historical Data

The historical data trend for Lottomatica Group SpA'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.

Lottomatica Group SpA Interest Expense Chart

Lottomatica Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-44.80

-83.47

-119.17

-214.63

Lottomatica Group SpA Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-36.42	-96.56	-38.32	-50.01	-43.87

Lottomatica Group SpA 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 €-229 Mil.

Lottomatica Group SpA (MIL:LTMC) 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.

Lottomatica Group SpA's Interest Expense for the three months ended in Mar. 2024 was €-44 Mil. Its Operating Income for the three months ended in Mar. 2024 was €92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,979 Mil.

Lottomatica Group SpA'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	*	91.801	/	-43.866
	=	2.09

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. Lottomatica Group SpA interest coverage is 1.44, which is low.

Lottomatica Group SpA (MIL:LTMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lottomatica Group SpA (MIL:LTMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LTMCm:UK

Address

Via degli Aldobrandeschi, 300, Rome, ITA, 00163

Website

https://www.lottomaticagroup.com

Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs).

Lottomatica Group SpA (MIL:LTMC) Headlines

No Headlines