Stride (Stride) Interest Expense : $-9 Mil (TTM As of Mar. 2024)

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What is Stride Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stride's interest expense for the three months ended in Mar. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-9 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. Stride's Operating Income for the three months ended in Mar. 2024 was $ 88 Mil. Stride's Interest Expense for the three months ended in Mar. 2024 was $ -2 Mil. Stride's Interest Coverage for the quarter that ended in Mar. 2024 was 36.74. 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.

Stride Interest Expense Historical Data

The historical data trend for Stride'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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Stride Interest Expense Chart

Stride Annual Data

Trend

Jun14

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Jun23

Interest Expense

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-17.98

-8.28

-8.40

Stride Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.21	-2.07	-2.07	-2.02	-2.40

Stride 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9 Mil.

Stride (NYSE:LRN) 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.

Stride's Interest Expense for the three months ended in Mar. 2024 was $-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $493 Mil.

Stride's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	88.313	/	-2.404
	=	36.74

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

Stride (Stride) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Stride Inc (NYSE:LRN) » Definitions » Interest Expense

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0AJ:Germany

Address

11720 Plaza America, 9th Floor, Reston, VA, USA, 20190

Website

https://www.stridelearning.com

Stride Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.

Executives

Robert Cohen	director	7900 HARKINS ROAD, LANHAM MD 20706
Eliza Mcfadden	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Les Ottolenghi	officer: Chief Info. & Tech. Officer	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Vincent Mathis	officer: EVP, General Counsel	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
James Jeaho Rhyu	director, officer: Chief Executive Officer	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Donna Blackman	officer: Chief Financial Officer	11720 PLAZA AMERICA DRIVE, 9TH FLOOR, RESTON VA 20190
Ralph R Smith	director	1615 WEST CHESTER PIKE, STE 200, WEST CHESTER PA 19382-7956
Allison Lawrence	director	11720 PLAZA AMERICA DRIVE, 9TH FLOOR, RESTON VA 20190
Joseph A Verbrugge	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Nathaniel A Davis	director, officer: Chairman and CEO	1500 ECKINGTON PLACE NE, WASHINGTON DC 20002
Shaun Mcalmont	officer: EVP, Career Technical Ed.	C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Kevin Chavous	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Timothy Medina	officer: Chief Financial Officer	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Victoria D Harker	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Howard D. Polsky	officer: General Counsel & Secretary	2300 CORPORATE PARK DRIVE, HERNDON VA 20171