Uniti Group (Uniti Group) Interest Expense : $-485 Mil (TTM As of Dec. 2023)

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What is Uniti Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Uniti Group's interest expense for the three months ended in Dec. 2023 was $ -95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-485 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. Uniti Group's Operating Income for the three months ended in Dec. 2023 was $ 147 Mil. Uniti Group's Interest Expense for the three months ended in Dec. 2023 was $ -95 Mil. Uniti Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.54. 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.

Uniti Group Interest Expense Historical Data

The historical data trend for Uniti Group'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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Uniti Group Interest Expense Chart

Uniti Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-390.11

-497.13

-446.30

-369.44

-484.71

Uniti Group 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															-79.16	-148.86	-119.69	-120.69	-95.47

Uniti Group 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 $-485 Mil.

Uniti Group (NAS:UNIT) 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.

Uniti Group's Interest Expense for the three months ended in Dec. 2023 was $-95 Mil. Its Operating Income for the three months ended in Dec. 2023 was $147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,626 Mil.

Uniti Group'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	*	146.708	/	-95.465
	=	1.54

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. Uniti Group Inc interest coverage is 1.22, which is low.

Uniti Group (Uniti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Uniti Group Inc (NAS:UNIT) » Definitions » Interest Expense

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Traded in Other Exchanges

8XC:Germany 8XC:Germany

Address

2101 Riverfront Drive, Suite A, Little Rock, AR, USA, 72202

Website

https://www.uniti.com

Uniti is a REIT with about 135,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.

Executives

Kenny Gunderman	director, officer: See Remarks	C/O AMERICA'S CAR-MART, INC., 802 SE PLAZA AVE, SUITE 200, BENTONVILLE AR 72712
Michael Friloux	officer: EVP - Chief Technology Officer	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Paul Bullington	officer: Interim CFO and PFO	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Travis Black	officer: Interim PAO	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Carmen Perez-carlton	director	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
David L Solomon	director	5847 SAN FELIPE SUITE 320, HOUSTON TX 77057
Blake Schuhmacher	officer: Principal Accounting Officer	10802 EXECUTIVE CENTER DRIVE, BENTON BUILDING, SUITE 300, LITTLE ROCK AR 72211
Daniel L Heard	officer: See Remarks	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Ronald J. Mudry	officer: EVP-Pres of Fiber Operations	10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Andrew Frey	director	10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Scott G. Bruce	director	10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Windstream Holdings, Inc.	10 percent owner	4001 RODNEY PARHAM RD., LITTLE ROCK AR 72212
Windstream Services, Llc	10 percent owner	4001 RODNEY PARHAM ROAD, LITTLE ROCK AR 72212
Jennifer S Banner	director	214N TRYON STREET, CHARLOTTE NC 28202
Francis X Frantz	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202