United States Cellular (United States Cellular) Interest Expense : $-193 Mil (TTM As of Mar. 2024)

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What is United States Cellular Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United States Cellular's interest expense for the three months ended in Mar. 2024 was $ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-193 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. United States Cellular's Operating Income for the three months ended in Mar. 2024 was $ 56 Mil. United States Cellular's Interest Expense for the three months ended in Mar. 2024 was $ -43 Mil. United States Cellular's Interest Coverage for the quarter that ended in Mar. 2024 was 1.30. 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.

United States Cellular Interest Expense Historical Data

The historical data trend for United States Cellular'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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United States Cellular Interest Expense Chart

United States Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-110.00

-112.00

-175.00

-163.00

-196.00

United States Cellular Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-47.00	-51.00	-50.00	-49.00	-43.00

United States Cellular 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 $-193 Mil.

United States Cellular (NYSE:USM) 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.

United States Cellular's Interest Expense for the three months ended in Mar. 2024 was $-43 Mil. Its Operating Income for the three months ended in Mar. 2024 was $56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,856 Mil.

United States Cellular's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	56	/	-43
	=	1.30

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

United States Cellular (United States Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » United States Cellular Corp (NYSE:USM) » Definitions » Interest Expense

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US7:Germany

Address

8410 West Bryn Mawr, Chicago, IL, USA, 60631

Website

https://www.uscellular.com

U.S. Cellular is a regional wireless carrier that serves about 5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.

Executives

Michael Irizarry	officer: EVP & CTO-Engineering and IS	8410 W BRYN MAWR, CHICAGO IL 60631
Kevin R Lowell	officer: EVP, Chief People Officer	8410 W. BRYN MAWR AVE, CHICAGO IL 60631
Xavier Williams	director	C/O AMERICAN VIRTUAL CLOUD TECHNOLOGIES, 1720 PEACHTREE ST., SUITE 629, ATLANTA GA 30309
James W Butman	director	30 N. LASALLE STREET, STE. 4000, CHICAGO IL 60602
Gregory P Josefowicz	director	850 76TH STREET SW, GRAND RAPIDS MI 49518
Deirdre Drake	officer: SVP-Chief HR Officer	8410 W. BRYN MAWR AVE, CHICAGO IL 60631
Esteban C Iriarte	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Vicki L Villacrez	director	30 N. LASALLE STREET, SUITE 4000, CHICAGO IL 60602
Ronald E Daly	director
J Samuel Crowley	director	8410 WEST BRYN MAWR ST STE 700, CHICAGO IL 60631
Jay Ellison	officer: EVP-Operations
Laurent C Therivel	director, officer: President and CEO	8410 W. BRYN MAWR STREET, CHICAGO IL 60631
Kenneth R Meyers	director, officer: President and CEO
Anita J Kroll	officer: Chief Accounting Officer	30 N. LASALLE STREET, SUITE 4000, CHICAGO IL 60602
Steven T Campbell	director, officer: EVP-Finance, CFO and Treasurer	8410 W. BRYN MAWR, CHICAGO IL 60631