What is Remitly Global Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Remitly Global's interest expense for the
three
months ended in Dec. 2023 was $ -0.8 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.4 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. Remitly Global's Operating Income for the
three
months ended in Dec. 2023 was $ -31.0 Mil. Remitly Global's Interest Expense for the
three
months ended in Dec. 2023 was $ -0.8 Mil.
Remitly Global 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.
Remitly Global 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 $-2.4 Mil.
* 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.
Remitly Global (NAS:RELY) 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.
Remitly Global's Interest Expense for the
three
months ended in Dec. 2023 was $-0.8 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-31.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $134.5 Mil.
Remitly Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Remitly Global did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Remitly Global (Remitly Global) Business Description
Traded in Other Exchanges
N/A
Address
1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Executives
| Rene Yoakum |
officer: EVP, Customer and Culture |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
| Bora Chung |
director |
C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303 |
| Matthew B. Oppenheimer |
director, officer: Chief Executive Officer |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
| Hemanth Munipalli |
officer: Chief Financial Officer |
C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101 |
| Joshua Hug |
director, officer: Chief Operating Officer |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
| Ankur Sinha |
officer: Chief Technology Officer |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
| Nigel W Morris |
director |
1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
| Gail A Miller |
officer: Chief Accounting Officer |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101 |
| Phyllis J Campbell |
director |
C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177 |
| Ryno Blignaut |
director |
C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104 |
| Stripes Holdings, Llc |
10 percent owner |
402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014 |
| Stripes Iii, Lp |
10 percent owner |
402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014 |
| Stripes Gp Iii, Llc |
10 percent owner |
402 WEST 13TH STREET, NEW YORK NY 10014 |
| Kenneth A Fox |
10 percent owner |
|
| William Kazuo Bryant |
director |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
Remitly Global (Remitly Global) Headlines
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