Marqeta (Marqeta) Interest Expense

: $0.0 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marqeta's interest expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Marqeta's Operating Income for the three months ended in Dec. 2023 was $ -56.3 Mil. Marqeta's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. GuruFocus does not calculate Marqeta'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.

Marqeta Interest Expense Historical Data

The historical data trend for Marqeta'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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Marqeta Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Marqeta Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense													-	-	-	-	-

Marqeta 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 $0.0 Mil.

Marqeta (NAS:MQ) 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.

Marqeta's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-56.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5.1 Mil.

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

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

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

Good Sign:

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

Marqeta (Marqeta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marqeta Inc (NAS:MQ) » Definitions » Interest Expense

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Traded in Other Exchanges

MQ:Mexico 8QJ:Germany

Address

180 Grand Avenue, 6th Floor, Oakland, CA, USA, 94612

Website

https://www.marqeta.com

Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.

Executives

Randall F. Kern	officer: Chief Technology Officer	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Godfrey Sullivan	director	SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Judson C Linville	director	200 VESEY STREET, NEW YORK NY 10285
Martha Cummings	director	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Najuma Atkinson	director	C/O HASBRO, INC., 1011 NEWPORT AVE, PAWTUCKET RI 02861
Crystal Sumner	officer: See Remarks	415 KEARNY STREET, SAN FRANCISCO CA 94108
Todd Pollak	officer: Chief Revenue Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Simon Khalaf	director, officer: Chief Executive Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Srikiran Prasad	director	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Seth R Weissman	officer: See Remarks	3055 CLEARVIEW WAY, SAN MATEO CA 94402
Michael Milotich	officer: Chief Financial Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
83north Ii Limited Partnership	10 percent owner	10 ABBA EBAN BOULEVARD, BUILDING C, 9TH FLOOR, HERZLIYA PITUACH L3 46733
Iconiq Strategic Partners Iii, L.p.	10 percent owner	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Vidya Peters	officer: Chief Marketing Officer	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Amy Chang	director	2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063