Reservoir Media (Reservoir Media) Interest Expense : $-20.0 Mil (TTM As of Dec. 2023)

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What is Reservoir Media Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reservoir Media's interest expense for the three months ended in Dec. 2023 was $ -5.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-20.0 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. Reservoir Media's Operating Income for the three months ended in Dec. 2023 was $ 6.5 Mil. Reservoir Media's Interest Expense for the three months ended in Dec. 2023 was $ -5.4 Mil. Reservoir Media's Interest Coverage for the quarter that ended in Dec. 2023 was 1.21. 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.

Reservoir Media Interest Expense Historical Data

The historical data trend for Reservoir Media'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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Reservoir Media Interest Expense Chart

Reservoir Media Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-8.97

-10.87

-14.76

Reservoir Media Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial									-4.10	-4.18	-4.73	-5.76	-5.37

Reservoir Media 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 $-20.0 Mil.

Reservoir Media (NAS:RSVR) 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.

Reservoir Media's Interest Expense for the three months ended in Dec. 2023 was $-5.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $349.4 Mil.

Reservoir Media'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	*	6.522	/	-5.372
	=	1.21

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

Reservoir Media (Reservoir Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reservoir Media Inc (NAS:RSVR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0RL0:Germany

Address

200 Varick Street, Suite 801A, New York, NY, USA, 10014

Website

https://www.reservoir-media.com

Reservoir Media Inc is an independent music company. The company's segment includes Music Publishing; Recorded Music and others. It generates maximum revenue from the Music Publishing segment.

Executives

Ezra S. Field	director	75 VARICK STREEET, 9TH FLOOR, NEW YORK NY 10013
Stephen M. Cook	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Ryan P. Taylor	director	381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Essex Equity Joint Investment Vehicle, Llc	other: May Be Deemed a 10% Owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp	other: May be deemed a 10% owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
James A Heindlmeyer	officer: Chief Financial Officer	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Richmond Hill Advisors, Llc	other: May be deemed a 10% owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Golnar Khosrowshahi	director, officer: Chief Executive Officer	C/O RESTAURANT BRANDS INTERATIONAL INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Richmond Hill Investments, Llc	10 percent owner	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Adam Rothstein	director	101 CROSS HWY, WESTPORT CA 92610
Er Reservoir Llc	10 percent owner	C/O RICHMOND HILL INVESTMENTS, 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Lafargue Rell Q. Jr.	director, officer: President and COO	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Gelder Neil De	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Essex Equity Holdings, Llc	10 percent owner	381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Jennifer G. Koss	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013