Carvana Co (Carvana Co) Interest Expense : $-632 Mil (TTM As of Dec. 2023)

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What is Carvana Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carvana Co's interest expense for the three months ended in Dec. 2023 was $ -165 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-632 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. Carvana Co's Operating Income for the three months ended in Dec. 2023 was $ -37 Mil. Carvana Co's Interest Expense for the three months ended in Dec. 2023 was $ -165 Mil. Carvana Co 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.

Carvana Co Interest Expense Historical Data

The historical data trend for Carvana Co'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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Carvana Co Interest Expense Chart

Carvana Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-81.00

-131.00

-176.00

-486.00

-632.00

Carvana Co Quarterly Data
	Mar19	Jun19	Sep19	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															-153.00	-159.00	-155.00	-153.00	-165.00

Carvana Co 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 $-632 Mil.

Carvana Co (NYSE:CVNA) 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.

Carvana Co's Interest Expense for the three months ended in Dec. 2023 was $-165 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,849 Mil.

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

Carvana Co did not have earnings to cover the interest expense.

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

Carvana Co (Carvana Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carvana Co (NYSE:CVNA) » Definitions » Interest Expense

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Address

300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281

Website

https://www.carvana.com

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.

Executives

Paul W. Breaux	officer: See Remarks	300 E RIO SALADO PKWY, TEMPE AZ 85281
Ecg Ii Spe, Llc	10 percent owner	1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE AZ 85281
Thomas Taira	officer: President, Special Projects	300 E RIO SALADO PKWY, TEMPE AZ 85281
Daniel J. Gill	officer: Chief Product Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Gregory B Sullivan	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Ira J. Platt	director	65 STURGES HWY, WESTPORT CT 06880
Michael E Maroone	director	909 POINCIANA DRIVE, FORT LAUDERDALE FL 33301
Garcia Ernest C Ii	10 percent owner	100 CRESCENT COURT, SUITE 1100, DALLAS TX 75201
Ryan S. Keeton	officer: Chief Brand Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
J Danforth Quayle	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Garcia Ernest C. Iii	director, 10 percent owner, officer: Chief Executive Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Benjamin E. Huston	officer: Chief Operating Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Mark W. Jenkins	officer: Chief Financial Officer	300 E RIO SALADO PKWY, TEMPE AZ 85281
Stephen R Palmer	officer: Vice President of Accounting	1930 W RIO SALADO PKWY, TEMPE AZ 85281
Neha Parikh	director	1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281