PSAV (PSAV) Interest Expense: $-54.07 Mil (TTM As of Mar. 2016)


What is PSAV Interest Expense?

PSAV PSAV Interest Expense is $-54.07 Mil as of Mar. 2016.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PSAV's interest expense for the three months ended in Mar. 2016 was $ -13.76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was $-54.07 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. PSAV's Operating Income for the three months ended in Mar. 2016 was $ 27.73 Mil. PSAV's Interest Expense for the three months ended in Mar. 2016 was $ -13.76 Mil. PSAV's Interest Coverage for the quarter that ended in Mar. 2016 was 2.01. 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.


PSAV  (NYSE:PSAV) 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.

PSAV's Interest Expense for the three months ended in Mar. 2016 was $-13.76 Mil. Its Operating Income for the three months ended in Mar. 2016 was $27.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2016 was $855.57 Mil.

PSAV's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2016 )/Interest Expense (Q: Mar. 2016 )
=-1*27.726/-13.764
=2.01

* 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.


PSAV Interest Expense Historical Data

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The historical data trend for PSAV'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.

PSAV Interest Expense Chart

PSAV Annual Data
Trend Dec12 Dec13 Dec14 Dec15
Interest Expense
-20.01 -40.70 0.00 -51.02

PSAV Quarterly Data
Dec12 Dec13 Mar15 Jun15 Sep15 Dec15 Mar16
Interest Expense Get a 7-Day Free Trial -10.72 -12.85 -13.78 -13.68 -13.76

PSAV 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-54.07 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-54.07 Mil mean?
PSAV (PSAV) has a Interest Expense of $-54.07 Mil as of Mar. 2016. Interest Expense is the amount a company pays on its long-term debt. View historical data on PSAV and its competitors.
Is PSAV's Interest Expense too high?
PSAV's current Interest Expense is $-54.07 Mil.
How does PSAV's Interest Expense compare to CRCO and ASKH?
PSAV's Interest Expense of $-54.07 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Media - Diversified company?
A good Interest Expense depends on the Media - Diversified industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on PSAV and its competitors. PSAV's current Interest Expense is $-54.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSAV stock overvalued right now?
PSAV (PSAV) has a current Interest Expense of $-54.07 Mil. The current Interest Expense is $-54.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For PSAV (PSAV), the current Interest Expense is $-54.07 Mil as of Mar. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PSAV Business Description

PSAV Inc was incorporated in Delaware on August 11, 2015. The Company along with its subsidiaries provides event technology services. The Company provides services including audiovisual services, equipment rental, staging and meeting services, communication systems, and related technical support to its customers in various venues, including hotels and convention centers. The Company's Video technology includes front and rear projection from large format HD high lumen projection to boardroom-style projectors, playback systems, image magnification, digital capture, cameras and display systems, including LED displays and video walls; Rigging Solutions include design and installation of permanently installed rig points in meeting venues, day-to-day deployment of rigging systems to safely transform meeting and event spaces for larger and more sophisticated set and lighting designs and certified trainers and inspectors; Wi-Fi Solutions include managing venues' entire network to provide customers secure and reliable wired and wireless solutions; Staging includes collections of custom screens and the ability to provide concert sound, broadcast quality projection, seasoned stage producers, and CAD drawing; Creative Services including Thematic creation, PowerPoint display, video creation, & stage sets; Mobile Device Applications tailored to the specific events that provide the schedule of events, maps, sponsors and detailed information on the host customer; Video Mapping / Simultaneous Translation; Virtual Meetings and Events; Event Consultation and Support, Power Distribution Solutions including streamlining of special event power distribution for event and production power across events, meeting rooms and trade shows; Audio including microphone and sound solutions with digital mixers, wireless microphones, networked audio and proprietary software to control live sound systems; and Lighting including speaker and stage lighting, intelligent lighting and decorative and theatrical lighting through gel lights and LED lights. The Company operates in two segments including Domestic and International. The Domestic segment provides services to customers throughout the United States and Puerto Rico; and is provider of event technology services at approximately over 1,000 hotel properties and other event venues. The International segment provides services to its customers in Canada, Mexico, the Caribbean, Europe and the Middle East, in addition to providing non-venue based services in Asia; and provides event technology services at approximately over 300 international hotel properties and other event venues. The Company's customers include corporations, event organizers, trade associations and meeting planners. The Company faces competition from Freeman Company.