Stagwell (Stagwell) Interest Expense : $-93 Mil (TTM As of Mar. 2024)

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What is Stagwell Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stagwell's interest expense for the three months ended in Mar. 2024 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-93 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. Stagwell's Operating Income for the three months ended in Mar. 2024 was $ 27 Mil. Stagwell's Interest Expense for the three months ended in Mar. 2024 was $ -21 Mil. Stagwell's Interest Coverage for the quarter that ended in Mar. 2024 was 1.30. 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.

Stagwell Interest Expense Historical Data

The historical data trend for Stagwell'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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Stagwell Interest Expense Chart

Stagwell Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-8.66

-6.22

-31.89

-76.06

-90.64

Stagwell Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-18.19	-23.68	-25.89	-22.89	-20.97

Stagwell 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 $-93 Mil.

Stagwell (NAS:STGW) 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.

Stagwell's Interest Expense for the three months ended in Mar. 2024 was $-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was $27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,541 Mil.

Stagwell'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	*	27.354	/	-20.965
	=	1.30

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

Stagwell (Stagwell) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stagwell Inc (NAS:STGW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6IY:Germany

Address

One World Trade Center, Floor 65, New York, NY, USA, 10007

Website

https://www.stagwellglobal.com

Stagwell Inc is the challenger holding company built to transform marketing. It delivers scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. The company's segments include Integrated Agencies Network; Brand Performance Network; Communications Network and other. It generates maximum revenue from the Integrated Agencies Network segment. Geographically, it derives a majority of its revenue from the United States.

Executives

Peter Mcelligott	officer: General Counsel	ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Jay Leveton	officer: President	1808 EYE STREET, NW, EIGHTH FLOOR, C/O STAGWELL INC., WASHINGTON DC DC 20006
Vincenzo Dimaggio	officer: SVP, Chief Accounting Officer	330 HUDSON STREET, 10TH FLOOR, NEW YORK NY 10013
Alpinvest Partners B.v.	10 percent owner	JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Alpinvest Ga Secondary C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Aj Secondary C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Alpinvest Partners Us Secondary Investments 2016 I C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Alpinvest Pep Secondary 2017 C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Alpinvest Secondaries Fund Vi C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Alpinvest Secondaries Fund (euro) Vi C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Ag Secondary C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Ap Fondo Secondaries Ii C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Ggg Us Secondary 2017 C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Apss Secondary C.v.	10 percent owner	C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282