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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Interest Expense : €-1.4 Mil (TTM As of Oct. 2023)


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What is Fermiere du Casino Municipal de Cannes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fermiere du Casino Municipal de Cannes's interest expense for the six months ended in Oct. 2023 was € -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was €-1.4 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. Fermiere du Casino Municipal de Cannes's Operating Income for the six months ended in Oct. 2023 was € 38.4 Mil. Fermiere du Casino Municipal de Cannes's Interest Expense for the six months ended in Oct. 2023 was € -0.9 Mil. Fermiere du Casino Municipal de Cannes's Interest Coverage for the quarter that ended in Oct. 2023 was 41.09. 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.

Fermiere du Casino Municipal de Cannes Interest Expense Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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.

* Premium members only.

Fermiere du Casino Municipal de Cannes Interest Expense Chart

Fermiere du Casino Municipal de Cannes Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.58 -0.72 -0.95 -1.38

Fermiere du Casino Municipal de Cannes Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.38 -0.40 -0.55 -0.45 -0.94

Fermiere du Casino Municipal de Cannes 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.4 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.

Fermiere du Casino Municipal de Cannes  (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes's Interest Expense for the six months ended in Oct. 2023 was €-0.9 Mil. Its Operating Income for the six months ended in Oct. 2023 was €38.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was €59.2 Mil.

Fermiere du Casino Municipal de Cannes's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Oct. 2023 )/Interest Expense (Q: Oct. 2023 )
=-1*38.419/-0.935
=41.09

* 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.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Interest Expense
Comparable Companies
XPAR:PARP XPAR:SFCA LVS HKSE:00027 HKSE:01928 MGM WYNN SGX:G13 MTN CZR HKSE:02282 HKSE:01128 BYD HGV XKLS:3182 MLCO XKLS:4715 VAC RRR XPAR:BAIN
Traded in Other Exchanges
N/A
Address
Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400
Website
http://www.lucienbarriere.com
Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

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