Vector Group (Vector Group) Interest Expense : $-109 Mil (TTM As of Dec. 2023)

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What is Vector Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vector Group's interest expense for the three months ended in Dec. 2023 was $ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-109 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. Vector Group's Operating Income for the three months ended in Dec. 2023 was $ 92 Mil. Vector Group's Interest Expense for the three months ended in Dec. 2023 was $ -27 Mil. Vector Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.42. 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.

Vector Group Interest Expense Historical Data

The historical data trend for Vector 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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Vector Group Interest Expense Chart

Vector Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-137.54

-121.28

-112.73

-110.67

-108.62

Vector 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	Get a 7-Day Free Trial															-27.25	-27.47	-27.12	-27.26	-26.76

Vector 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 $-109 Mil.

Vector Group (NYSE:VGR) 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.

Vector Group's Interest Expense for the three months ended in Dec. 2023 was $-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was $92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,380 Mil.

Vector 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	*	91.6	/	-26.763
	=	3.42

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

Vector Group (Vector Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Vector Group Ltd (NYSE:VGR) » Definitions » Interest Expense

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Traded in Other Exchanges

VGR:Germany

Address

4400 Biscayne Boulevard, 10th Floor, Miami, FL, USA, 33137

Website

https://www.vectorgroupltd.com

Vector Group Ltd is a holding company whose subsidiaries--Liggett Group, Vector Tobacco, and New Valley-- primarily sell tobacco products and invest in real estate. The Liggett Group and Vector Tobacco subsidiaries sell cigarettes, primarily in the discount segment, in the United States under brand names Eagle 20's, Pyramid, Grand Prix, Liggett Select, and Eve. New Valley, through its majority ownership in Douglas Elliman Realty, invests in real estate worldwide. It also operates the largest residential brokerage company in the New York City area and has additional operations in South Florida, Beverly Hills, Aspen, and Connecticut. Tobacco accounts for more than half of total company revenue; real estate makes up the remainder.

Executives

Bennett S Lebow	director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Kirkland J Bryant Iii	officer: VP, Treasurer & CFO	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen	officer: EVP	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Ronald J Bernstein	director, officer: President Subsidiary	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Paul V Carlucci	director	4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Wilson White	director	C/O VECTOR GROUP LTD, 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI FL 33137
James D Ballard	officer: See Remarks	4400 BISCAYNE BLVD., TENTH FLOOR, MIAMI FL 33137
Nicholas P Anson	officer: President Subsidiary	C/0 LIGGETT VECTOR BRANDS LLC, 3800 PARAMOUNT PARKWAY, MORRISVILLE NC 27560
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Howard M Lorber	director, officer: President and CEO	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Barry Watkins	director	4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Jeffrey Podell	director	7338 FLORANADA WAY, DELRAY BEACH FL 33446
Henry C Beinstein	director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Stanley Samuel Arkin	director	750 LEXINGTON AVENUE, FLOOR 25, NEW YORK NY 10022
Jean E Sharpe	director