Vivint Smart Home (Vivint Smart Home) Interest Expense : $-167 Mil (TTM As of Dec. 2022)

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What is Vivint Smart Home Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vivint Smart Home's interest expense for the three months ended in Dec. 2022 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-167 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. Vivint Smart Home's Operating Income for the three months ended in Dec. 2022 was $ 39 Mil. Vivint Smart Home's Interest Expense for the three months ended in Dec. 2022 was $ -47 Mil. Vivint Smart Home's Interest Coverage for the quarter that ended in Dec. 2022 was 0.83. 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.

Vivint Smart Home Interest Expense Historical Data

The historical data trend for Vivint Smart Home'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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Vivint Smart Home Interest Expense Chart

Vivint Smart Home Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-245.21

-260.01

-221.18

-184.99

-166.76

Vivint Smart Home Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial												-38.01	-37.51	-38.88	-43.51	-46.85

Vivint Smart Home 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-167 Mil.

Vivint Smart Home (NYSE:VVNT) 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.

Vivint Smart Home's Interest Expense for the three months ended in Dec. 2022 was $-47 Mil. Its Operating Income for the three months ended in Dec. 2022 was $39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $2,726 Mil.

Vivint Smart Home's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	38.808	/	-46.851
	=	0.83

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Vivint Smart Home Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Vivint Smart Home (Vivint Smart Home) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vivint Smart Home Inc (NYSE:VVNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4931 North 300 West, Provo, UT, USA, 84604

Website

https://www.vivint.com

Vivint Smart Home Inc is a smart home company based in the United States. The Company is engaged in the sale, installation, servicing and monitoring of smart home and security systems. The company's products and services include Home security and automation systems, Smart security cameras, One-touch leaving, Smart security sensors, Smart lighting and temperature control and Constant monitoring and support.

Executives

313 Acquisition Llc	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Rasesh M. Patel	officer: Chief Operating Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Dana C Russell	officer: Chief Financial Officer	404 WYMAN STREET, SUITE 500, WALTHAM MA 02451
Michael J Staub	director	BLACKSTONE, INC., 345 PARK AVENUE, NEW YORK NY 10154
Meads Garner B. Iii	officer: See Remarks	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Daniel Garen	officer: See Remarks	5677 AIRLINE ROAD, ARLINGTON TN 38002
Barbara Comstock	director	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
David Bywater	director, officer: Chief Executive Officer	1850 WEST ASHTON BLVD, LEHI UT 84043
Todd R. Pedersen	director, officer: Chief Executive Officer	C/O VIVINT SOLAR, INC., 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Todd M Santiago	officer: EVP, GM of Retail	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Jung Taik Hwang	officer: Chief Technology Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Bcp Voyager Holdings Lp	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jeremy B Warren	officer: Chief Technology Officer	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Matthew J Eyring	officer: EVP, GM of Inside Sales	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604