MarketAxess Holdings (BSP:M1KT34) Interest Expense : R$-11 Mil (TTM As of Mar. 2024)

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What is MarketAxess Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MarketAxess Holdings's interest expense for the three months ended in Mar. 2024 was R$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-11 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. MarketAxess Holdings's Operating Income for the three months ended in Mar. 2024 was R$ 461 Mil. MarketAxess Holdings's Interest Expense for the three months ended in Mar. 2024 was R$ -2 Mil. MarketAxess Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 292.65. 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.

MarketAxess Holdings Interest Expense Historical Data

The historical data trend for MarketAxess 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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MarketAxess Holdings Interest Expense Chart

MarketAxess Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-5.88

-4.76

-3.67

-9.72

MarketAxess Holdings 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															-0.68	-0.26	-0.81	-8.02	-1.57

MarketAxess 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-11 Mil.

MarketAxess Holdings (BSP:M1KT34) 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.

MarketAxess Holdings's Interest Expense for the three months ended in Mar. 2024 was R$-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$461 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$389 Mil.

MarketAxess Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	460.631	/	-1.574
	=	292.65

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. MarketAxess Holdings Inc has enough cash to cover all of its debt. Its financial situation is stable.

MarketAxess Holdings (BSP:M1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MarketAxess Holdings Inc (BSP:M1KT34) » Definitions » Interest Expense

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Traded in Other Exchanges

MKTX:USA MWI:Germany

Address

55 Hudson Yards, 15th Floor, New York, NY, USA, 10001

Website

https://www.marketaxess.com

Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.

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