VSE (VSEC) Interest Expense

: $-31.1 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. VSE's interest expense for the three months ended in Dec. 2023 was $ -9.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-31.1 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. VSE's Operating Income for the three months ended in Dec. 2023 was $ 25.3 Mil. VSE's Interest Expense for the three months ended in Dec. 2023 was $ -9.3 Mil. VSE's Interest Coverage for the quarter that ended in Dec. 2023 was 2.73. 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.

VSE Interest Expense Historical Data

The historical data trend for VSE'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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VSE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-13.83

-13.50

-12.06

-17.89

-31.08

VSE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-5.59	-5.98	-7.37	-8.46	-9.28

VSE 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 $-31.1 Mil.

VSE (NAS:VSEC) 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.

VSE's Interest Expense for the three months ended in Dec. 2023 was $-9.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $25.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $431.8 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	25.319	/	-9.278
	=	2.73

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

VSE (VSEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » VSE Corp (NAS:VSEC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VS3:Germany

Address

6348 Walker Lane, Alexandria, VA, USA, 22310

Website

https://www.vsecorp.com

VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. It also provide vehicle and equipment refurbishment, logistics, engineering support, data management and healthcare IT solutions, and clean energy consulting services. The company operating segments are Aviation, Fleet and Federal and Defense.

Executives

Edward P Dolanski	director	5158 MOHAWK DRIVE, FRISCO TX 75034
John E Potter	director	9009 FALLS CHAPEL WAY, POTOMAC MD 20854-2387
James F Lafond	director	4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Calvin Scott Koonce	director	6229 EXECUTIVE BOULEVARD, ROCKVILLE MD 20852
Bonnie K Wachtel	director	1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Ralph E Eberhart	director	909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Ferguson Iii Mark E	director	1444 CLONCURRY ROAD, NORFOLK VA 23505
Anita D Britt	director	3000 NW 107TH AVENUE, MIAMI FL 33172
Lloyd Emerson Johnson	director	16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Benjamin E. Thomas	officer: President, VSE Aviation, Inc.	3361 ENTERPRISE WAY, MIRAMAR FL 33025
Stephen D. Griffin	officer: Sr. VP and CFO	6348 WALKER LANE, ALEXANDRIA VA 22310
Farinaz S Tehrani	officer: Chief Legal Officer	180 EAST BROAD STREET, COLUMBUS OH 43215
Moore Robert Andrew Iii	officer: President, Federal & Defense	6348 WALKER LANE, ALEXANDRIA VA 22310
John A Cuomo	director, officer: CEO and President	6348 WALKER LANE, ALEXANDRIA VA 22310
Chad Wheeler	officer: President, Wheeler Fleet	384 DRUM AVENUE, SOMERSET PA 15501