Group 1 Automotive (Group 1 Automotive) Interest Expense : $-181 Mil (TTM As of Dec. 2023)

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What is Group 1 Automotive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Group 1 Automotive's interest expense for the three months ended in Dec. 2023 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-181 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. Group 1 Automotive's Operating Income for the three months ended in Dec. 2023 was $ 220 Mil. Group 1 Automotive's Interest Expense for the three months ended in Dec. 2023 was $ -47 Mil. Group 1 Automotive's Interest Coverage for the quarter that ended in Dec. 2023 was 4.67. 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.

Group 1 Automotive Interest Expense Historical Data

The historical data trend for Group 1 Automotive'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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Group 1 Automotive Interest Expense Chart

Group 1 Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-135.70

-101.10

-83.40

-104.80

-163.90

Group 1 Automotive 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															-32.30	-41.50	-43.00	-47.10	-49.80

Group 1 Automotive 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-181 Mil.

Group 1 Automotive (NYSE:GPI) 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.

Group 1 Automotive's Interest Expense for the three months ended in Dec. 2023 was $-47 Mil. Its Operating Income for the three months ended in Dec. 2023 was $220 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,199 Mil.

Group 1 Automotive's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	219.8	/	-47.1
	=	4.67

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

Group 1 Automotive (Group 1 Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Group 1 Automotive Inc (NYSE:GPI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GAV:Germany

Address

800 Gessner, Suite 500, Houston, TX, USA, 77024

Website

https://www.group1auto.com

Group 1 owns and operates 41 collision centers and 201 automotive dealerships in the U.S. and the U.K., offering 35 brands of automobiles altogether. About 150 of the stores are in the U.S. with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 37% of new-vehicle unit volume in 2022 and the U.K. about 19%. Texas, Oklahoma, and Massachusetts combined were about 53%. Revenue in 2022 totaled $16.2 billion. The company was founded in 1995 and is based in Houston.

Executives

Daniel James Mchenry	officer: Chief Financial Officer	800 GESSNER SUITE 500, HOUSTON TX 77024
Carin Marcy Barth	director
Daryl Kenningham	officer: Regional VP, East Region	800 GESSNER, SUITE 500, HOUSTON TX 77024
Michael David Jones	officer: Sr. Vice President	800 GESSNER SUITE 500, HOUSTON TX 77024
Peter C Delongchamps	officer: VP, Manufacturer Relations	800 GESSNER, SUITE 500, HOUSTON TX 77024
Darryl M Burman	officer: Sr. VP & General Counsel	800 GESSNER, SUITE 500, HOUSTON TX 77024
Edward Mckissic	officer: Senior VP, Human Resources	800 GESSNER SUITE 500, HOUSTON TX 77024
Lincoln Pereira	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Gillian A. Hobson	officer: SVP, Chief Legal Officer & Sec	800 GESSNER RD STE 500, HOUSTON TX 77024
Earl J Hesterberg	director, officer: President & CEO	GROUP 1 AUTOMOTIVE, INC., 800 GESSNER, SUITE 500, HOUSTON TX 77024
Frank Grese	officer: Regional VP, West Region	800 GESSNER, SUITE 500, HOUSTON TX 77024
Max P Watson	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Steven Mizell	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Steven P Stanbrook	director	1525 HOWE ST, RACINE WI 53403
John C Rickel	officer: SVP & CFO	4080 JENKINS ROAD, CHATTANOOGA TN 37421