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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CommScope Holding Co's interest expense for the three months ended in Mar. 2024 was $ -168 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-678 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. CommScope Holding Co's Operating Income for the three months ended in Mar. 2024 was $ 24 Mil. CommScope Holding Co's Interest Expense for the three months ended in Mar. 2024 was $ -168 Mil. CommScope Holding Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.14. 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 CommScope Holding Co'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.
CommScope Holding Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -577.20 | -577.80 | -561.20 | -588.90 | -675.80 |
CommScope Holding Co 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 | -165.10 | -168.50 | -171.30 | -170.90 | -167.70 |
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 $-678 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.
CommScope Holding Co (NAS:COMM) 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.
CommScope Holding Co's Interest Expense for the three months ended in Mar. 2024 was $-168 Mil. Its Operating Income for the three months ended in Mar. 2024 was $24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $9,245 Mil.
CommScope Holding Co'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 | * | 23.9 | / | -167.7 | |
= | 0.14 |
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. CommScope Holding Co Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
Linde Koen Ter | officer: SVP & President, CCS | COMMSCOPE HOLDING COMPANY, INC., 3642 US 70, CLAREMONT NC 28610 |
Watts Claudius E. Iv | director | THE CARLYLE GROUP, 101 S. TRYON STREET, 25TH FLOOR, CHARLOTTE NC 28280 |
Justin C Choi | officer: SVP, Chief Legal Officer & Sec | ANIXTER INTERNATIONAL INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026 |
Kyle David Lorentzen | officer: EVP & CFO | 9968 GLASGOW COURT, DUBLIN OH 43017 |
Timothy T Yates | director | ONE SYMBOL PLAZA, HOLTSVILLE NY 11742 |
Charles L. Treadway | director, officer: President and CEO | 8155 T&B BOULEVARD, MEMPHIS TN 38125 |
John R. Carlson | officer: SVP & Chief Commercial Officer | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602 |
Bartolomeo Giordano | officer: SVP & President, NICS | 1100 COMMSCOPE PL SE, C/O COMMSCOPE HOLDING COMPANY, INC., HICKORY NC 28602 |
Joanne M Maguire | director | 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817 |
Farid Firouzbakht | officer: SVP & President, OWN | 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014 |
Laurie S. Oracion | officer: SVP & CAO | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
Frank M Drendel | director, officer: Chairman of Board | NEXTEL COMMUNICATIONS INC, 2001 EDMUND HALLEY DRIVE, RESTON VA 20191 |
Mindy Mackenzie | director | 510 LAKE COOK ROAD, DEERFIELD IL 60015 |
Markus R. Ogurek | officer: SVP & President, NICS | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
Guy Sucharczuk | officer: SVP & President, ANS | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
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