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# CarGurus Interest Expense

: \$0.0 Mil (TTM As of Sep. 2020)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CarGurus's interest expense for the three months ended in Sep. 2020 was \$ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was \$0.0 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. CarGurus's Operating Income for the three months ended in Sep. 2020 was \$ 43.6 Mil. CarGurus's Interest Expense for the three months ended in Sep. 2020 was \$ 0.0 Mil. GuruFocus does not calculate CarGurus's interest coverage with the available data. 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.

## CarGurus Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 CarGurus Annual Data Dec15 Dec16 Dec17 Dec18 Dec19 Interest Expense -0.01 -0.03 -0.03 0.00 0.00

## CarGurus 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. 2020 was 0 (Dec. 2019 ) + 0 (Mar. 2020 ) + 0 (Jun. 2020 ) + 0 (Sep. 2020 ) = \$0.0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CarGurus  (NAS:CARG) 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.

CarGurus's Interest Expense for the three months ended in Sep. 2020 was \$0.0 Mil. Its Operating Income for the three months ended in Sep. 2020 was \$43.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was \$62.0 Mil.

CarGurus's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

 GuruFocus does not calculate CarGurus's interest coverage with the available data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Good Sign:

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