Tegna (TGNA) Interest Expense : $-173 Mil (TTM As of Dec. 2023)

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What is Tegna Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tegna's interest expense for the three months ended in Dec. 2023 was $ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-173 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. Tegna's Operating Income for the three months ended in Dec. 2023 was $ 144 Mil. Tegna's Interest Expense for the three months ended in Dec. 2023 was $ -44 Mil. Tegna's Interest Coverage for the quarter that ended in Dec. 2023 was 3.28. 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.

Tegna Interest Expense Historical Data

The historical data trend for Tegna'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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Tegna Interest Expense Chart

Tegna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-205.47

-210.29

-185.65

-174.02

-172.90

Tegna 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															-44.05	-42.91	-42.80	-43.42	-43.78

Tegna 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 $-173 Mil.

Tegna (NYSE:TGNA) 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.

Tegna's Interest Expense for the three months ended in Dec. 2023 was $-44 Mil. Its Operating Income for the three months ended in Dec. 2023 was $144 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,147 Mil.

Tegna'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	*	143.734	/	-43.783
	=	3.28

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

Tegna (TGNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tegna Inc (NYSE:TGNA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GTT:Germany GTT:Germany

Address

8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151

Website

https://www.tegna.com

Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network, Twist and Quest. Each television station also has a robust digital presence across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume news content. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.

Executives

David T Lougee	officer: President, TEGNA Media	GANNETT CO., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Lynn B. Trelstad	officer: EVP and COO - Media Operations	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Soohyung Kim	10 percent owner	C/O STANDARD GENERAL L.P., 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Karen H. Grimes	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Neal Shapiro	director	GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Akinyale S. Harrison	officer: SVP, General Counsel and Sec.	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Scott K Mccune	director	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202
Stuart J. Epstein	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Melinda Witmer	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Mcclelland Clifton A. Iii	officer: VP, Cntlr. and Prin. Acc. Off.	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Todd A. Mayman	officer: EVP, Chief Legal and Admin Off	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
William A. Behan	officer: SVP, Labor Relations	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Howard D Elias	director	C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748