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BEEP (Mobile Infrastructure) Interest Expense : $-13.83 Mil (TTM As of Dec. 2024)


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What is Mobile Infrastructure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mobile Infrastructure's interest expense for the three months ended in Dec. 2024 was $ -4.42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-13.83 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. Mobile Infrastructure's Operating Income for the three months ended in Dec. 2024 was $ 0.80 Mil. Mobile Infrastructure's Interest Expense for the three months ended in Dec. 2024 was $ -4.42 Mil. Mobile Infrastructure's Interest Coverage for the quarter that ended in Dec. 2024 was 0.18. 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.

Mobile Infrastructure Interest Expense Historical Data

The historical data trend for Mobile Infrastructure'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.

Mobile Infrastructure Interest Expense Chart

Mobile Infrastructure Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Interest Expense
-9.54 -12.91 -13.91 -13.83

Mobile Infrastructure Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.02 -2.98 -3.09 -3.35 -4.42

Mobile Infrastructure 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.83 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.

Mobile Infrastructure  (AMEX:BEEP) 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.

Mobile Infrastructure's Interest Expense for the three months ended in Dec. 2024 was $-4.42 Mil. Its Operating Income for the three months ended in Dec. 2024 was $0.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $185.92 Mil.

Mobile Infrastructure's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*0.796/-4.416
=0.18

* 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.

Warning Sign:

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

Mobile Infrastructure Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mobile Infrastructure Corp (AMEX:BEEP) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
30 W. 4th Street, Cincinnati, OH, USA, 45202
Website
https://www.mobileit.com
Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. The company owns forty three parking facilities in twenty one separate markets throughout the United States, with a total of approximately fifteen thousand seven hundred parking spaces. It operates in a single reportable segment: parking. The company derives majority of revenue from Percentage rental income.
Executives
Danica Holley director 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Jeffrey Osher director 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
David Garfinkle director
Manuel Iii Chavez director, officer: CEO 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Stephanie Hogue director, 10 percent owner, officer: President & CFO 250 E. 5TH STREET, STE 2110, CINCINNATI OH 45202
Brad Greiwe director 1 LITTLE WEST 12TH STREET, 4TH FLOOR, NEW YORK NY 10014
Lorrence T Kellar director C/O LOEHMANNS INC, 2500 HALSEY STREET, BRONX NY 10461
Damon D Jones director 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Color Up, Llc other: See Remarks 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Hscp Strategic Iii L.p. other: See Remarks 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
Poonam Sharma Mathis other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Adeyemi Ajao other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Amanda Parness other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Fifth Wall Acquisition Sponsor Iii, Llc 10 percent owner 6060 CENTER DRIVE, FLOOR 10, LOS ANGELES CA 90045
Andriy Mykhaylovskyy 10 percent owner 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045