What is Vroom Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vroom's interest expense for the
three
months ended in Mar. 2024 was $ -15.7 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-51.3 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. Vroom's Operating Income for the
three
months ended in Mar. 2024 was $ -41.6 Mil. Vroom's Interest Expense for the
three
months ended in Mar. 2024 was $ -15.7 Mil.
Vroom did not have earnings to cover the interest expense.
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.
Vroom 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 $-51.3 Mil.
* 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.
Vroom (NAS:VRM) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Vroom's Interest Expense for the
three
months ended in Mar. 2024 was $-15.7 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-41.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $558.0 Mil.
Vroom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Vroom did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Vroom (VRM) Business Description
Traded in Other Exchanges
Address
3600 West Sam Houston Parkway South, Floor 4, Houston, TX, USA, 77042
Vroom Inc is an end-to-end e-commerce platform for the used vehicle industry. The Company's scalable, data-driven technology brings all phases of the car buying and selling process to consumers offering an extensive selection of used vehicles, transparent pricing, competitive financing, and at-home pick-up and delivery. Its three reportable segments are: The E-commerce segment represents retail sales of used vehicles through its e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, The Wholesale segment represents sales of used vehicles through wholesale channels, and The Retail Financing segment represents UACC's operations with its network of third-party dealership customers.
Executives
| Thomas H Shortt |
officer: Chief Operating Officer |
C/O VROOM INC, 1375 BROADWAY, 11TH FLOOR, NEW YORK NY 10018 |
| Agnieszka Zakowicz |
officer: Principal Accounting Officer |
C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
| Robert R. Krakowiak |
officer: Chief Financial Officer |
633 NATALIE LANE, NORTHVILLE MI 48167 |
| Mylod Robert J Jr |
director |
|
| Patricia Moran |
officer: See remarks |
GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
| Carol Denise Stott |
officer: See remarks |
C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
| Laura W Lang |
director |
DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
| Timothy M Crow |
director |
2455 PACES FERRY ROAD, NW, ATLANTA GA 30339 |
| Paul J. Hennessy |
director, officer: Chief Executive Officer |
C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
| Catterton Management Company, L.l.c. |
director, 10 percent owner |
599 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
| David K. Jones |
officer: Chief Financial Officer |
1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
| Scott Arnold Dahnke |
director, 10 percent owner |
599 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
| Cgp2 Lone Star, L.p. |
10 percent owner |
599 WEST PUTNAM AVENUE, GREENWICH CT 06930 |
| Frederick Terrell |
director |
17 STATE STREET, NEW YORK NY 10004 |
| Paula B Pretlow |
director |
C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
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