Upbound Group (Upbound Group) Interest Expense

: $-113 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Upbound Group's interest expense for the three months ended in Dec. 2023 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-113 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. Upbound Group's Operating Income for the three months ended in Dec. 2023 was $ 56 Mil. Upbound Group's Interest Expense for the three months ended in Dec. 2023 was $ -29 Mil. Upbound Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.92. 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.

Upbound Group Interest Expense Historical Data

The historical data trend for Upbound Group'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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Upbound Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-31.03

-15.33

-70.87

-87.71

-113.42

Upbound Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-26.69	-28.10	-28.25	-27.89	-29.19

Upbound Group 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 $-113 Mil.

Upbound Group (NAS:UPBD) 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.

Upbound Group's Interest Expense for the three months ended in Dec. 2023 was $-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was $56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,600 Mil.

Upbound Group'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	*	55.895	/	-29.185
	=	1.92

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

Upbound Group (Upbound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Upbound Group Inc (NAS:UPBD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5501 Headquarters Drive, Plano, TX, USA, 75024

Website

https://www.upbound.com

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.

Executives

Jeffrey J Brown	other: See Footnote 1	19900 MACARTHUR BLVD, SUITE 570, IRVINE CA 92612
Tyler Montrone	officer: EVP, Acima	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Anthony J Blasquez	officer: EVP, Operations	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Sudeep Gautam	officer: EVP, Chief Tech & Digital Off	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Fahmi Karam	officer: EVP, Chief Financial Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Aaron R Allred	officer: EVP, Acima	3 DAWN HILL DR, SANDY UT 84092
Mitchell E Fadel	other: See Footnote 1	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jen You	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Christopher B. Hetrick	other: See Footnote 1	610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660
Transient C Taylor	officer: EVP, Human Resources	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Maureen B Short	officer: CFO	5501 HEADQUARTERS DR, PLANO TX 75024
Ann L Davids	officer: EVP, Chief Marketing Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Catherine M Skula	officer: EVP, Franchising	5501 HEADQUARTERS DR, C/O RENT-A-CENTER, INC., PLANO TX 75024
Brinson Caleb Silver	director	C/O RENT-A-CENTER, INC., 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Harold G Lewis	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024