Meredith (Meredith) Interest Expense : $-173 Mil (TTM As of Sep. 2021)

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What is Meredith Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meredith's interest expense for the three months ended in Sep. 2021 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 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. Meredith's Operating Income for the three months ended in Sep. 2021 was $ 94 Mil. Meredith's Interest Expense for the three months ended in Sep. 2021 was $ -38 Mil. Meredith's Interest Coverage for the quarter that ended in Sep. 2021 was 2.46. 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.

Meredith Interest Expense Historical Data

The historical data trend for Meredith'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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Meredith Interest Expense Chart

Meredith Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Interest Expense

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-18.80

-97.20

-170.60

-145.80

-178.60

Meredith Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-43.50	-43.10	-54.10	-37.90	-38.30

Meredith 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-173 Mil.

Meredith (NYSE:MDP) 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.

Meredith's Interest Expense for the three months ended in Sep. 2021 was $-38 Mil. Its Operating Income for the three months ended in Sep. 2021 was $94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $3,169 Mil.

Meredith's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	94.4	/	-38.3
	=	2.46

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

Meredith (Meredith) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Meredith Corp (NYSE:MDP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1716 Locust Street, Des Moines, IA, USA, 50309-3023

Website

https://www.meredith.com

Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.

Executives

John S Zieser	officer: Chief Development Officer	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Steven M Cappaert	officer: Corporate Controller
Thomas H Harty	director, officer: President and CEO	MEREDITH CORPORATION 1716 LOCUST ST., MAIL STOP LS101-A DES MOINES IA 50309
Patrick Mccreery	officer: President-Local Media Group	C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309
Jason M. Frierott	officer: Chief Financial Officer	C/O TRANSPORTATION SYSTEMS HOLDINGS INC. 901 MAIN AVENUE NORWALK CT 06851
Gregory Coleman	director	C/O MEREDITH CORP., 1716 LOCUST STREET, DES MOINES IA 50309
Donald C Berg	director	PO BOX 1080, LOUISVILLE KY 40201
Stephen M Lacy	director	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Beth J Kaplan	director	1716 LOCUST STREET, DES MOINES IA 50309
Joseph H Ceryanec	officer: Chief Financial Officer	PO BOX 3177 CEDAR RAPIDS IA 52406-3177
Meredith Edwin T Iv	10 percent owner
Elizabeth E Tallett	director	6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817
Iii Chris Roberts	director	1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309
Paula Kerger	director	C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309
Donald A Baer	director	1716 LOCUST STREET DES MOINES IA 50309