Virgin Galactic Holdings (Virgin Galactic Holdings) Interest Expense : $-12.87 Mil (TTM As of Dec. 2023)

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What is Virgin Galactic Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virgin Galactic Holdings's interest expense for the three months ended in Dec. 2023 was $ -3.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12.87 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. Virgin Galactic Holdings's Operating Income for the three months ended in Dec. 2023 was $ -109.87 Mil. Virgin Galactic Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -3.22 Mil. Virgin Galactic Holdings 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.

Virgin Galactic Holdings Interest Expense Historical Data

The historical data trend for Virgin Galactic Holdings'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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Virgin Galactic Holdings Interest Expense Chart

Virgin Galactic Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.03

-12.13

-12.87

Virgin Galactic Holdings 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															-3.21	-3.21	-3.22	-3.22	-3.22

Virgin Galactic Holdings 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 $-12.87 Mil.

Virgin Galactic Holdings (NYSE:SPCE) 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.

Virgin Galactic Holdings's Interest Expense for the three months ended in Dec. 2023 was $-3.22 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-109.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $417.89 Mil.

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

Virgin Galactic Holdings did not have earnings to cover the interest expense.

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

Virgin Galactic Holdings (Virgin Galactic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Galactic Holdings Inc (NYSE:SPCE) » Definitions » Interest Expense

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Traded in Other Exchanges

SPCE:Mexico 0QL:Germany

Address

1700 Flight Way, Tustin, CA, USA, 92782

Website

https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Executives

Arcangeli Henio R Jr	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Diana S. Strandberg	director	1700 FLIGHT WAY, TUSTIN CA 92782
Raymond E Mabus	director	C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Aparna Chitale	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Sarah E Kim	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Douglas T Ahrens	officer: See Remarks	215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael A Colglazier	director, officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Alistair Burns	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Michelle Kley	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Wanda A Sigur	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Craig S Kreeger	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011
Tina W Jonas	director	C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Swaminathan B. Lyer	officer: See Remarks	166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Chamath Palihapitiya	director, 10 percent owner	THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025