RE/MAX Holdings (RE/MAX Holdings) Interest Expense : $-35.7 Mil (TTM As of Dec. 2023)

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What is RE/MAX Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RE/MAX Holdings's interest expense for the three months ended in Dec. 2023 was $ -9.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-35.7 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. RE/MAX Holdings's Operating Income for the three months ended in Dec. 2023 was $ 9.1 Mil. RE/MAX Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -9.4 Mil. RE/MAX Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.97. 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.

RE/MAX Holdings Interest Expense Historical Data

The historical data trend for RE/MAX Holdings'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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RE/MAX Holdings Interest Expense Chart

RE/MAX Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.23

-9.22

-11.34

-20.90

-35.74

RE/MAX Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.49	-8.25	-8.84	-9.29	-9.36

RE/MAX Holdings 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 $-35.7 Mil.

RE/MAX Holdings (NYSE:RMAX) 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.

RE/MAX Holdings's Interest Expense for the three months ended in Dec. 2023 was $-9.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $9.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $471.5 Mil.

RE/MAX Holdings'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	*	9.083	/	-9.364
	=	0.97

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

RE/MAX Holdings (RE/MAX Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RE/MAX Holdings Inc (NYSE:RMAX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

2RM:Germany

Address

5075 South Syracuse Street, Denver, CO, USA, 80237

Website

https://www.remax.com

RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Other. It generates maximum revenue from the Real Estate segment.

Executives

Magnolia Capital Fund, Lp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Leah R Jenkins	officer: VP, Chief Accounting Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Kathleen J Cunningham	director	5075 S. SYRACUSE ST., DENVER CO 80237
Norman K. Jenkins	director	9211 GLADYS FARM WAY, GAITHERSBURG MD 20882
Adam W Grosshans	officer: VP, Chief Accounting Officer	5075 S SYRACUSE ST, DENVER CO 80218
Katherine Lee Scherping	director	6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Ronald E. Harrison	director	5075 S. SYRACUSE ST., DENVER CO 80237
William Grady Ligon	officer: Chief Information Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Susan L Winders	officer: Vice President General Counsel	5075 S. SYRACUSE ST., DENVER CO 80237
Adam K Peterson	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Annita M Menogan	director	5075 S. SYRACUSE ST., DENVER CO 80237
Brett A Ritchie	officer: VP, Chief Accounting Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Daniel J. Predovich	director	5075 S. SYRACUSE ST., DENVER CO 80237
Laura G. Kelly	director	PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708