Altice USA (STU:15PA) Interest Expense : €-1,521 Mil (TTM As of Dec. 2023)

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What is Altice USA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altice USA's interest expense for the three months ended in Dec. 2023 was € -388 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1,521 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. Altice USA's Operating Income for the three months ended in Dec. 2023 was € 438 Mil. Altice USA's Interest Expense for the three months ended in Dec. 2023 was € -388 Mil. Altice USA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.13. 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.

Altice USA Interest Expense Historical Data

The historical data trend for Altice USA'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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Altice USA Interest Expense Chart

Altice USA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,382.90

-1,111.78

-1,120.93

-1,257.06

-1,503.07

Altice USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-355.96	-363.59	-375.39	-393.74	-387.82

Altice USA 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1,521 Mil.

Altice USA (STU:15PA) 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.

Altice USA's Interest Expense for the three months ended in Dec. 2023 was €-388 Mil. Its Operating Income for the three months ended in Dec. 2023 was €438 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €22,907 Mil.

Altice USA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	438.038	/	-387.815
	=	1.13

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. Altice USA Inc interest coverage is 1.17, which is low.

Altice USA (STU:15PA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Altice USA Inc (STU:15PA) » Definitions » Interest Expense

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ATUS:USA

Address

1 Court Square West, Long Island City, New York, NY, USA, 11101

Website

https://www.alticeusa.com

Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.

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