Sinclair (FRA:HQ7) Interest Expense : €-284 Mil (TTM As of Mar. 2024)

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What is Sinclair Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinclair's interest expense for the three months ended in Mar. 2024 was € -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-284 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. Sinclair's Operating Income for the three months ended in Mar. 2024 was € 39 Mil. Sinclair's Interest Expense for the three months ended in Mar. 2024 was € -70 Mil. Sinclair's Interest Coverage for the quarter that ended in Mar. 2024 was 0.55. 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.

Sinclair Interest Expense Historical Data

The historical data trend for Sinclair'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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Sinclair Interest Expense Chart

Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-379.80

-539.23

-546.93

-279.42

-279.69

Sinclair 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															-69.12	-70.15	-72.15	-71.53	-69.92

Sinclair 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 €-284 Mil.

Sinclair (FRA:HQ7) 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.

Sinclair's Interest Expense for the three months ended in Mar. 2024 was €-70 Mil. Its Operating Income for the three months ended in Mar. 2024 was €39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,919 Mil.

Sinclair'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	*	38.64	/	-69.92
	=	0.55

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

Sinclair (FRA:HQ7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sinclair Inc (FRA:HQ7) » Definitions » Interest Expense

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SBGI:USA

Address

10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030

Website

https://www.sbgi.net

Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 185 stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels on networks aligned with The CW (Nexstar) and MyNetworkTV (Fox). The firm also owns the Tennis Channel and four multicast networks. Via the 2019 purchase of the Fox regional sports networks from Disney, Sinclair is now the largest owner of Diamond Sports, which operates regional sports networks. Diamond Sports sought bankruptcy protection in early 2023.

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