Avantax (Avantax) Interest Expense : $-12.0 Mil (TTM As of Sep. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Avantax Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avantax's interest expense for the three months ended in Sep. 2023 was $ -5.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-12.0 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. Avantax's Operating Income for the three months ended in Sep. 2023 was $ 2.5 Mil. Avantax's Interest Expense for the three months ended in Sep. 2023 was $ -5.7 Mil. Avantax's Interest Coverage for the quarter that ended in Sep. 2023 was 0.43. 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.

Avantax Interest Expense Historical Data

The historical data trend for Avantax'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.

Avantax Interest Expense Chart

Avantax Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

Get a 7-Day Free Trial

-15.77

-19.25

-0.98

-0.42

-0.48

Avantax Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.16	-0.05	-1.56	-4.70	-5.73

Avantax 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.0 Mil.

Avantax (NAS:AVTA) 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.

Avantax's Interest Expense for the three months ended in Sep. 2023 was $-5.7 Mil. Its Operating Income for the three months ended in Sep. 2023 was $2.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $276.2 Mil.

Avantax's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	2.452	/	-5.73
	=	0.43

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

Avantax (Avantax) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Avantax Inc (NAS:AVTA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3200 Olympus Boulevard, Suite 100, Dallas, TX, USA, 75019

Website

https://www.avantax.com

Avantax Inc is a provider of integrated tax-focused wealth management services and software, assisting consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms. The firm has two distinct models in business: the independent Financial Professional model and the employee-based model. It refers to the independent Financial Professional model as Avantax Wealth Management offering services through its registered broker-dealer, registered investment advisor (RIA), and insurance agency subsidiaries. The employee-based model refers to Avantax Planning Partners offering services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with financial planning and advisory services.

Executives

Stacy Murray	officer: Principal Accounting Officer	C/O FOGO DE CHAO, INC., 14881 QUORUM DR, SUITE 750, DALLAS TX 75254
Tabitha Bailey	officer: Chief Legal Officer & Corp Sec	16803 DALLAS PARKWAY, ADDISON TX 75001
Kanayalal Amritlal Kotecha	director	3200 OLYMPUS BLVD, SUITE 100, DALLAS TX 75019
Leaman J Richard Iii	director	C/O MOELIS & COMPANY, 399 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Mark A Ernst	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Georganne Proctor	director	1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Marc Mehlman	officer: Chief Financial Officer	6333 NORTH STATE HIGHWAY 161, 4TH FLOOR, C/O BLUCORA, INC., IRVING TX 75038
Christopher William Walters	director	10900 NE 8TH STREET, SUITE 800, BELLEVUE WA 98004
Tina Perry	director	3200 OLYMPUS BLVD, SUITE 100, DALLAS TX 75019
Karthik Rao	director	3200 OLYMPUS BLVD, SUITE 100, DALLAS TX 75019
Carol Hayles	director	C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Steven Aldrich	director	C/O GODADDY INC., 14455 N. HAYDEN RD. #219, SCOTTSDALE AZ 85260
John Macilwaine	director	71 STEVENSON STREET, #300, SAN FRANCISCO CA 94105
Mimi Carsley	officer: Interim CFO	6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
Jana R Schreuder	director	50 S LA SALLE ST, CHICAGO IL 60675