Bridge Investment Group Holdings (Bridge Investment Group Holdings) Interest Expense : $-31.7 Mil (TTM As of Mar. 2024)

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What is Bridge Investment Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bridge Investment Group Holdings's interest expense for the three months ended in Mar. 2024 was $ -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-31.7 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. Bridge Investment Group Holdings's Operating Income for the three months ended in Mar. 2024 was $ 5.9 Mil. Bridge Investment Group Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -7.4 Mil. Bridge Investment Group Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.80. 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.

Bridge Investment Group Holdings Interest Expense Historical Data

The historical data trend for Bridge Investment Group Holdings'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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Bridge Investment Group Holdings Interest Expense Chart

Bridge Investment Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.78

-5.06

-8.50

-12.34

-28.50

Bridge Investment Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-4.15	-8.74	-7.84	-7.77	-7.37

Bridge Investment Group Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.7 Mil.

Bridge Investment Group Holdings (NYSE:BRDG) 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.

Bridge Investment Group Holdings's Interest Expense for the three months ended in Mar. 2024 was $-7.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $5.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $450.0 Mil.

Bridge Investment Group Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	5.86	/	-7.365
	=	0.80

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

Bridge Investment Group Holdings (Bridge Investment Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bridge Investment Group Holdings Inc (NYSE:BRDG) » Definitions » Interest Expense

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Traded in Other Exchanges

53S:Germany

Address

111 East Sego Lily Drive, Suite 400, Salt Lake City, UT, USA, 84070

Website

https://www.bridgeig.com

Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies, and agency mortgage-backed securities.

Executives

Garrett Behling	officer: Chief Accounting Officer	111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070
Chad A Leat	director	C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Katherine Elsnab	officer: Chief Accounting Officer	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Deborah C Hopkins	director	1007 MARKET ST, WILMINGTON DE 19898
Adam O'farrell	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Robert Randolph Morse	director, 10 percent owner, officer: See Remarks	1000 PARK AVENUE, APT 3, NEW YORK NY 10028
Debra M Chase	director	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Jonathan Slager	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Bridge Founders Group, Llc	10 percent owner	111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Chad D. Briggs	officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Dean Allara	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070