Liberty Formula One Group (Liberty Formula One Group) Interest Expense : $-299 Mil (TTM As of Dec. 2023)

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What is Liberty Formula One Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Liberty Formula One Group's interest expense for the three months ended in Dec. 2023 was $ -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-299 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. Liberty Formula One Group's Operating Income for the three months ended in Dec. 2023 was $ 122 Mil. Liberty Formula One Group's Interest Expense for the three months ended in Dec. 2023 was $ -53 Mil. Liberty Formula One Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.30. 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.

Liberty Formula One Group Interest Expense Historical Data

The historical data trend for Liberty Formula One 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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Liberty Formula One Group Interest Expense Chart

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-195.00

-146.00

-123.00

-149.00

-214.00

Liberty Formula One 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															-49.00	-136.00	-54.00	-56.00	-53.00

Liberty Formula One 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 $-299 Mil.

Liberty Formula One Group (NAS:FWONA) 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.

Liberty Formula One Group's Interest Expense for the three months ended in Dec. 2023 was $-53 Mil. Its Operating Income for the three months ended in Dec. 2023 was $122 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,870 Mil.

Liberty Formula One 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	*	122	/	-53
	=	2.30

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

Liberty Formula One Group (Liberty Formula One Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONK:USA LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.