i3 Verticals (i3 Verticals) Interest Expense : $-26.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is i3 Verticals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. i3 Verticals's interest expense for the three months ended in Dec. 2023 was $ -6.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-26.3 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. i3 Verticals's Operating Income for the three months ended in Dec. 2023 was $ 8.3 Mil. i3 Verticals's Interest Expense for the three months ended in Dec. 2023 was $ -6.7 Mil. i3 Verticals's Interest Coverage for the quarter that ended in Dec. 2023 was 1.24. 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.

i3 Verticals Interest Expense Historical Data

The historical data trend for i3 Verticals'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.

i3 Verticals Interest Expense Chart

i3 Verticals Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

Get a 7-Day Free Trial

-6.00

-8.93

-9.80

-14.78

-25.13

i3 Verticals 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															-5.49	-6.20	-6.73	-6.71	-6.71

i3 Verticals 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 $-26.3 Mil.

i3 Verticals (NAS:IIIV) 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.

i3 Verticals's Interest Expense for the three months ended in Dec. 2023 was $-6.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $8.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $297.2 Mil.

i3 Verticals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8.295	/	-6.707
	=	1.24

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

i3 Verticals (i3 Verticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » i3 Verticals Inc (NAS:IIIV) » Definitions » Interest Expense

Comparable Companies

CCSI SCWX GCT NN STEM LVOX OSPN RPAY CGNT IMXI MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

V1K:Germany

Address

40 Burton Hills Boulevard, Suite 415, Nashville, TN, USA, 37215

Website

https://www.i3verticals.com

i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Software and Services. The company generates maximum revenue from the Software and Services segment. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, healthcare and others. It provides various solutions such as, gateway, payment processing, online payment, Document management, and ERP among others.

Executives

Timothy Mckenna	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Gregory S Daily	director, 10 percent owner, officer: Chief Executive Officer	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David K. Morgan	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Christopher Laisure	officer: President - Public Sector	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Paul Christians	officer: Chief Operating Officer	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Pete Panagakis	officer: Chief Technology Officer	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Bertke	officer: Chief Technology Officer	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Decosta Jenkins	director	150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Frederick Stanford	officer: President	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Geoffrey C. Smith	officer: VP of Finance	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Burton Harvey	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
John C. Harrison	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David M Wilds	director, 10 percent owner	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David Scott Meriwether	officer: SVP - Finance	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
First Avenue Partners Ii Lp	10 percent owner	C/O I3 VERTICALS, INC., 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215