iHeartRadio, as a subsidiary and primary brand of iHeartMedia, Inc., does not carry its own separate debt. The financial obligations are held at the parent company level. As of September 2024, iHeartMedia, Inc.'s total debt stood at $6.01 Billion USD.
Understanding iHeartMedia's Financial Position
iHeartMedia, Inc. is a leading global media and entertainment company known for its extensive reach across radio, digital, and live events. Its portfolio includes the popular iHeartRadio streaming platform, numerous broadcast radio stations, and a robust podcasting network. The total debt figure reflects the consolidated financial liabilities of the entire enterprise.
Breakdown of Total Debt
Total debt encompasses both current and non-current financial obligations on a company's balance sheet. This includes:
- Current Debt: Obligations due within one year.
- Non-Current Debt: Obligations due in more than one year, typically long-term loans and bonds.
The $6.01 billion figure represents the sum of all these liabilities for iHeartMedia as reported in its latest financial statements available for September 2024.
| Metric | Value | As Of |
|---|---|---|
| Total Debt | $6.01 Billion USD | September 2024 |
The Significance of Company Debt
Debt levels are a crucial indicator of a company's financial health and its operational strategy. For a large media conglomerate like iHeartMedia, debt can be utilized for various purposes, including:
- Funding Acquisitions: Expanding market share or acquiring new technologies.
- Capital Expenditures: Investing in infrastructure, technology, or content development.
- Refinancing Existing Debt: Managing repayment schedules or securing lower interest rates.
- Operational Needs: Supporting day-to-day operations and cash flow.
Understanding a company's total debt is essential for investors, analysts, and stakeholders to assess its financial stability, risk profile, and future growth potential. For more information on what constitutes total debt in financial reporting, you can explore resources like Investopedia's explanation of Total Debt.
