Drive Shack (STU:NCI2) Interest Expense : €-12.6 Mil (TTM As of Dec. 2023)

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What is Drive Shack Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Drive Shack's interest expense for the three months ended in Dec. 2023 was € -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-12.6 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. Drive Shack's Operating Income for the three months ended in Dec. 2023 was € -2.7 Mil. Drive Shack's Interest Expense for the three months ended in Dec. 2023 was € -4.0 Mil. Drive Shack 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.

Drive Shack Interest Expense Historical Data

The historical data trend for Drive Shack'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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Drive Shack Interest Expense Chart

Drive Shack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.88

-9.02

-9.47

-12.90

-12.07

Drive Shack 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															-4.59	-1.95	-3.99	-2.68	-3.98

Drive Shack 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 €-12.6 Mil.

Drive Shack (STU:NCI2) 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.

Drive Shack's Interest Expense for the three months ended in Dec. 2023 was €-4.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was €-2.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €235.7 Mil.

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

Drive Shack did not have earnings to cover the interest expense.

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

Drive Shack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Drive Shack Inc (STU:NCI2) » Definitions » Interest Expense

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DSHKN.PFD:USA DSHKO.PFD:USA DSHKP.PFD:USA

Address

700 Canal Street, Stamford, CT, USA, 06902

Website

https://www.driveshack.com

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf Properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of golf, competition, dining, and fun. The Corporate segment consists of investments in loans and securities. The majority of the firm's revenue is derived from the Traditional Golf Properties segment.

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