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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adtalem Global Education's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-61 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. Adtalem Global Education's Operating Income for the three months ended in Mar. 2024 was $ 81 Mil. Adtalem Global Education's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. Adtalem Global Education's Interest Coverage for the quarter that ended in Mar. 2024 was 5.80. 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.
The historical data trend for Adtalem Global Education'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.
Adtalem Global Education Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -19.90 | -19.51 | -41.37 | -103.80 | -63.16 |
Adtalem Global Education 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 | -13.19 | -18.55 | -14.22 | -14.22 | -13.91 |
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 $-61 Mil.
* 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.
Adtalem Global Education (NYSE:ATGE) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Adtalem Global Education's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $808 Mil.
Adtalem Global Education'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 | * | 80.648 | / | -13.905 | |
= | 5.80 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Maurice Herrera | officer: Chief Marketing Officer | 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661 |
Blake Simpson | officer: SVP, Chief Comms Officer | 500 W. MONROE, SUITE 1300, CHICAGO IL 60661 |
Lisa W Wardell | director | 5900 RYLAND DRIVE, BETHESDA MD 20817 |
Manjunath Gangadharan | officer: VP, Chief Accounting Officer | 600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654 |
William W Burke | director | 3868 MOCKINGBIRD LN, DALLAS TX 75205 |
Lyle Logan | director | ONE TOWER LANE, OAKBROOK TERRACE IL 60181 |
Evan Trent | officer: SVP, Chief Strat. & Transform | 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661 |
William V Krehbiel | director | 500 W. MONROE, CHICAGO IL 60661 |
James Raymond Bartholomew | officer: President, DeVry University | 2449 MARCY AVENUE, EVANSTON IL 60201 |
Michael Betz | officer: President, Walden University | 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661 |
Cheryl James | officer: SVP, CHRO | 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661 |
Sharon O'keefe | director | C/O VOCERA COMMUNICATIONS, INC., 525 RACE STREET, SAN JOSE CA 95126 |
Michael W Malafronte | director | INTERNATIONAL VALUE ADVISERS, LLC, 717 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10022 |
Georgette D. Kiser | director | 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Kenneth J Phelan | director | HUNTINGTON BANCSHARES INCORPORATED, 41 S. HIGH STREET, COLUMBUS OH 43215 |
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