PlayAGS (PlayAGS) Interest Expense : $-57.7 Mil (TTM As of Mar. 2024)

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What is PlayAGS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PlayAGS's interest expense for the three months ended in Mar. 2024 was $ -14.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-57.7 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. PlayAGS's Operating Income for the three months ended in Mar. 2024 was $ 19.8 Mil. PlayAGS's Interest Expense for the three months ended in Mar. 2024 was $ -14.0 Mil. PlayAGS's Interest Coverage for the quarter that ended in Mar. 2024 was 1.41. 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.

PlayAGS Interest Expense Historical Data

The historical data trend for PlayAGS'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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PlayAGS Interest Expense Chart

PlayAGS Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-36.25

-41.94

-44.35

-40.61

-57.43

PlayAGS 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															-13.70	-14.07	-14.59	-15.06	-13.98

PlayAGS 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 $-57.7 Mil.

PlayAGS (NYSE:AGS) 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.

PlayAGS's Interest Expense for the three months ended in Mar. 2024 was $-14.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $19.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $540.2 Mil.

PlayAGS'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	*	19.776	/	-13.98
	=	1.41

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. PlayAGS Inc interest coverage is 1.16, which is low.

PlayAGS (PlayAGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PlayAGS Inc (NYSE:AGS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6775 S. Edmond Street, Suite 300, Las Vegas, NV, USA, 89118

Website

https://www.playags.com

PlayAGS Inc is a designer and supplier of gaming products and services for the gaming industry. The company mainly supplies electronic gaming machines (EGM), server-based systems and back-office systems which are used by casinos, and various gaming locations. Its operating segments are EGM, Table Products, and Interactive. The EGM segment offers a selection of video slot titles developed for the global marketplace as well as EGM cabinets. Its Table Products segments include live proprietary table games and side bets, as well as ancillary table products. The Interactive segment consists of delivering games through mobile apps such as Lucky Play Casino and Vegas Fever. It earns a majority of its revenue from the Electronic Gaming Machines segment and geographically from the United States.

Executives

Robert Barron Ziems	officer: Chief Legal Officer, Secretary	6775 S. EDMOND ST., STE. 300, LAS VEGAS NV 89118
Adam Chibib	director	7501B NORTH CAPITAL OF TEXAS HGHWY, AUSTIN TX 78731
Anna Massion	director	5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Ap Gaming Voteco, Llc	10 percent owner	5475 S. DECATUR BLVD., LAS VEGAS NV 89118
David-jacques Farahi	director	3800 S. VIRGINIA STREET, RENO NV 89502
David Lopez	officer: Chief Executive Officer	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Kimo Akiona	officer: Treas, CFO & Chief Acctg. Off.	5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Victor Gallo	officer: GC, Secy. & Compliance Officer	5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Geoff Freeman	director	5475 S. DECATUR BLVD., SUITE 100, LAS VEGAS NV 89118
Yvette Landau	director
Eric Press	director	1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Marc J Rowan	10 percent owner	APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019
David Sambur	director, other: See Remarks	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sigmund Lee	officer: Chief Tech. Officer	5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Daniel Evan Cohen	director, other: See Remarks	C/O APOLLO GLOBAL MANAGEMENT, L.P., 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019