Spin Master (Spin Master) Interest Expense : $-15 Mil (TTM As of Mar. 2024)

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What is Spin Master Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spin Master's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-15 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. Spin Master's Operating Income for the three months ended in Mar. 2024 was $ -61 Mil. Spin Master's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. Spin Master did not have earnings to cover the interest expense. 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.

Spin Master Interest Expense Historical Data

The historical data trend for Spin Master'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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Spin Master Interest Expense Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.80

-6.30

-6.00

-5.50

-5.10

Spin Master 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															-1.30	-1.30	-1.30	-1.20	-10.90

Spin Master 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 $-15 Mil.

Spin Master (OTCPK:SNMSF) 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.

Spin Master's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $124 Mil.

Spin Master's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Spin Master did not have earnings to cover the interest expense.

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

Spin Master (Spin Master) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spin Master Corp (OTCPK:SNMSF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SP9:Germany TOY:Canada

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.