ACV Auctions (ACV Auctions) Interest Expense : $-1.6 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is ACV Auctions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACV Auctions's interest expense for the three months ended in Dec. 2023 was $ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.6 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. ACV Auctions's Operating Income for the three months ended in Dec. 2023 was $ -26.8 Mil. ACV Auctions's Interest Expense for the three months ended in Dec. 2023 was $ -0.4 Mil. ACV Auctions 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.

ACV Auctions Interest Expense Historical Data

The historical data trend for ACV Auctions'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.

* Premium members only.

ACV Auctions Interest Expense Chart

ACV Auctions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.63

-0.78

-0.98

-1.57

ACV Auctions Quarterly Data
	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												-0.30	-0.32	-0.45	-0.44	-0.36

ACV Auctions 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 $-1.6 Mil.

ACV Auctions (NAS:ACVA) 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.

ACV Auctions's Interest Expense for the three months ended in Dec. 2023 was $-0.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-26.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $115.0 Mil.

ACV Auctions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

ACV Auctions did not have earnings to cover the interest expense.

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

ACV Auctions (ACV Auctions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ACV Auctions Inc (NAS:ACVA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 Ellicott Street, Suite 321, Buffalo, NY, USA, 14203

Website

https://www.acvauctions.com

ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

Executives

William Zerella	officer: Chief Financial Officer	C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Michael Waterman	officer: Chief Sales Officer	C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Craig Eric Anderson	officer: CCDSO and Chief Legal Officer	C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
George Chamoun	director, officer: Chief Executive Officer	C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
Bessemer Venture Partners Ix L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Vikas Mehta	officer: Chief Operating Officer	C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Kirsten Castillo	director	5 GREAT VALLEY PARKWAY, SUITE 160, MALVERN PA 19355
Brian Hirsch	director	C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Eileen A Kamerick	director	200 NORTH ADAMS STREET, GREEN BAY WI 54301
Robert P Goodman	director	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Leanne Fitzgerald	officer: Chief Legal Officer	1 WAYSIDE ROAD, BURLINGTON MA 01803
Bessemer Venture Partners Ix Institutional L.p.	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Deer Ix & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Deer Ix & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
15 Angels Iii Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538