GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » V2X Inc (NYSE:VVX) » Definitions » Interest Expense

V2X (VVX) Interest Expense : $-123 Mil (TTM As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is V2X Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. V2X's interest expense for the three months ended in Dec. 2023 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-123 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. V2X's Operating Income for the three months ended in Dec. 2023 was $ 39 Mil. V2X's Interest Expense for the three months ended in Dec. 2023 was $ -29 Mil. V2X's Interest Coverage for the quarter that ended in Dec. 2023 was 1.34. 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.


V2X Interest Expense Historical Data

The historical data trend for V2X'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.

* Premium members only.

V2X Interest Expense Chart

V2X Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.47 -4.79 -7.99 -62.04 -123.41

V2X 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.07 -31.95 -32.09 -30.59 -28.78

V2X 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 $-123 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.


V2X  (NYSE:VVX) 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.

V2X's Interest Expense for the three months ended in Dec. 2023 was $-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was $39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,135 Mil.

V2X'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*38.528/-28.779
=1.34

* 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.


V2X (VVX) Business Description

Traded in Other Exchanges
Address
7901 Jones Branch Drive, Suite 700, McLean, VA, USA, 22102
V2X Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offers facility and logistics services and information technology mission support and engineering and digital integration services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, and others.
Executives
William Boyd Noon officer: CVP, Chief Accounting Officer 150 FIELD DRIVE, SUITE 250, LAKE FOREST IL 60045
Kevin T Boyle officer: SVP, CLO & General Counsel 2424 GARDEN OF THE GODS ROAD, COLORADO SPRINGS CO 80919
Michael James Smith officer: See Remarks C/O VECTRUS, INC., 2424 GARDEN OF THE GODS ROAD, SUITE 300, COLORADO SPRINGS CO 80919
Shawn Mural officer: Senior Vice President and CFO 15197 CARVER COURT, WATERFORD VA 20197
Josephine F. Bjornson officer: Chief Human Resources Officer 7901 JONES BRANCH DRIVE, SUITE 700, MCLEAN VA 22102
Abbas Elegba director 7901 JONES BRANCH DRIVE, SUITE 700, MCLEAN VA 22102
Dino M Cusumano director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Aipcf Vi Vertex Aerospace Funding Lp 10 percent owner C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR, NEW YORK NY 10017
Aipcf Vi, Llc 10 percent owner 450 LEXINGTON AVENUE, 40TH FLOOR, NEW YORK NY 10017
Lightship Capital Llc 10 percent owner 330 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10017
Stephen L Waechter director 1100 N GLEBE ROAD, ARLINGTON VA 22201
Eric M Pillmore director C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019
Joel M. Rotroff director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Neil Snyder director C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, SUITE 500, MILWAUKEE WI 53202
American Industrial Partners Capital Fund Vi, L.p. 10 percent owner 330 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10017