Verso (VRS) Interest Expense : $-2 Mil (TTM As of Dec. 2021)

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What is Verso Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Verso's interest expense for the three months ended in Dec. 2021 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was $-2 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. Verso's Operating Income for the three months ended in Dec. 2021 was $ 40 Mil. Verso's Interest Expense for the three months ended in Dec. 2021 was $ -1 Mil. Verso's Interest Coverage for the quarter that ended in Dec. 2021 was 40.00. 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.

Verso Interest Expense Historical Data

The historical data trend for Verso'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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Verso Interest Expense Chart

Verso Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-38.00

-33.00

-2.00

-1.00

-2.00

Verso Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Interest Expense	Get a 7-Day Free Trial															-	-1.00	-	-	-1.00

Verso 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Verso (NYSE:VRS) 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.

Verso's Interest Expense for the three months ended in Dec. 2021 was $-1 Mil. Its Operating Income for the three months ended in Dec. 2021 was $40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was $8 Mil.

Verso's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	40	/	-1
	=	40.00

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

Verso (VRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Verso Corp (NYSE:VRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8540 Gander Creek Drive, Miamisburg, OH, USA, 45342

Website

https://www.versoco.com

Verso Corp is a North American producer of printing papers, specialty papers, and pulp. The company produces a wide range of paper products, including coated freesheet, coated groundwood, coated digital, inkjet, supercalendered, and uncoated freesheet. These paper products are used primarily in media and marketing applications, such as catalogs, magazines, advertising brochures, and annual reports. The company also sells kraft pulp, which is used to manufacture tissue products and printing and writing grade paper; however, the group derives the majority of its revenue from its paper products.

Executives

Allen James Campbell	officer: SVP and CFO	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Randy J. Nebel	director	KAPSTONE PAPER AND PACKAGING CORP. 1101 SKOKIE BLVD., SUITE 300 NORTHBROOK IL 60062
Jeffrey E Kirt	director	1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10038
Terrence M Dyer	officer: SVP - HR & Comm	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
John Adam St.	director, officer: CEO	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Aaron D. Haas	officer: SVP - Sales & Mktg	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Matthew Archambeau	officer: SVP - Mfg & Energy	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Robert K Beckler	director	VERSO CORPORATION 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Marvin D Cooper	director	VERSO CORPORATION, 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Sean T Erwin	director	8540 GANDER CREEK DRIVE DAYTON OH 45342
Leslie T Lederer	other: Former Officer	C/O SMURFIT STONE CONTAINER CORP 150 NORTH MICHIGAN AVE CHICAGO IL 60601
Michael A. Weinhold	officer: President	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Kenneth D Sawyer	officer: SVP - HR & Comm	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
B. Christopher Disantis	director, officer: President and CEO	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342