CPRT (Copart) Interest Expense : $0 Mil (TTM As of Oct. 2024)

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What is Copart Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Copart's interest expense for the three months ended in Oct. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $0 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. Copart's Operating Income for the three months ended in Oct. 2024 was $ 406 Mil. Copart's Interest Expense for the three months ended in Oct. 2024 was $ 0 Mil. GuruFocus does not calculate Copart's interest coverage with the available data. 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.

Copart Interest Expense Historical Data

The historical data trend for Copart'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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Copart Interest Expense Chart

Copart Annual Data

Trend

Jul15

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Jul24

Interest Expense

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-18.87

-20.25

-16.69

Copart Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Copart 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Copart (NAS:CPRT) 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.

Copart's Interest Expense for the three months ended in Oct. 2024 was $0 Mil. Its Operating Income for the three months ended in Oct. 2024 was $406 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $95 Mil.

Copart's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

GuruFocus does not calculate Copart's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Copart Inc has enough cash to cover all of its debt. Its financial situation is stable.

Copart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Copart Inc (NAS:CPRT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CPRT:Mexico CO6:Germany CO6:Germany C1PR34:Brazil

Address

14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254

Website

https://www.copart.com

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

Executives

A Jayson Adair	director, officer: Chief Executive Officer
Thomas N Tryforos	director	323 RAILROAD AVE, GREENWICH CT 06830
Matt Blunt	director	C/O COPART, INC., 4665 BUSINESS CENTER DRIVE, FAIRFIELD CA 94534
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Willis J Johnson	director, 10 percent owner, officer: Chairman of the Board
Stephen Fisher	director	C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE X1 95125
Steven D Cohan	director
James E Meeks	director
Leah C Stearns	officer: Chief Financial Officer	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Diane M Morefield	director	200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Carl Sparks	director	4315 NORTHAVEN ROAD, DALLAS TX 75229
Jeffrey Liaw	officer: Chief Financial Officer	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Cherylyn Harley Lebon	director	C/O COPART, INC., 14185 DALLAS PARKWAY, SUITE 300, DALLAS TX 75254
John F North	officer: Chief Financial Officer	150 N. BARTLETT STREET, MEDFORD OR 97501
William E Franklin	officer: Executive Vice President	3399 PEACHTREE RD NE STE 700, ATLANTA GA 30326