What is Ballys Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ballys's interest expense for the
three
months ended in Mar. 2024 was $ -73 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-287 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. Ballys's Operating Income for the
three
months ended in Mar. 2024 was $ -50 Mil. Ballys's Interest Expense for the
three
months ended in Mar. 2024 was $ -73 Mil.
Ballys 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.
Ballys 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 $-287 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.
Ballys (NYSE:BALY) 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.
Ballys's Interest Expense for the
three
months ended in Mar. 2024 was $-73 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-50 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $5,001 Mil.
Ballys's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Ballys did not have earnings to cover the interest expense. |
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Ballys Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
Ballys (Ballys) Business Description
Traded in Other Exchanges
Address
100 Westminster Street, Providence, RI, USA, 02903
Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.
Executives
| Jeffrey W Rollins |
director |
|
| Jaymin B Patel |
director |
C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
| Terrence Downey |
director |
100 TWIN RIVER ROAD, LINCOLN RI 02865 |
| Wanda Y. Wilson |
director |
100 TWIN RIVER ROAD, LINCOLN RI 02865 |
| Lee Kim Barker |
officer: EVP, Chief Legal Officer |
C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
| Tracy S. Harris |
director |
C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
| Robeson Reeves |
director, officer: President, Interactive |
100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
| Craig L Eaton |
officer: EVP, General Counsel, Sec. |
100 TWIN RIVER ROAD, LINCOLN RI 02865 |
| George T. Papanier |
director, officer: President and CEO |
100 TWIN RIVER ROAD, LINCOLN RI 02865 |
| Marcus Glover |
officer: EVP, Chief Financial Officer |
C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
| Standard General L.p. |
director, 10 percent owner |
767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
| Noel Hayden |
10 percent owner |
C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU |
| Marc A Crisafulli |
officer: EVP Government Relations |
C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
| Robert M. Lavan |
officer: Executive Vice President, CFO |
5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
| Stephen H Capp |
officer: Executive Vice President, CFO |
C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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