DRVN (Driven Brands Holdings) Interest Expense : $-157 Mil (TTM As of Dec. 2024)

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What is Driven Brands Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Driven Brands Holdings's interest expense for the three months ended in Dec. 2024 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-157 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. Driven Brands Holdings's Operating Income for the three months ended in Dec. 2024 was $ 15 Mil. Driven Brands Holdings's Interest Expense for the three months ended in Dec. 2024 was $ -38 Mil. Driven Brands Holdings's Interest Coverage for the quarter that ended in Dec. 2024 was 0.39. 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.

Driven Brands Holdings Interest Expense Historical Data

The historical data trend for Driven Brands 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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Driven Brands Holdings Interest Expense Chart

Driven Brands Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-95.65

-75.91

-114.10

-164.20

-156.96

Driven Brands Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-43.89	-43.77	-31.80	-43.68	-37.72

Driven Brands 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-157 Mil.

Driven Brands Holdings (NAS:DRVN) 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.

Driven Brands Holdings's Interest Expense for the three months ended in Dec. 2024 was $-38 Mil. Its Operating Income for the three months ended in Dec. 2024 was $15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $3,963 Mil.

Driven Brands Holdings'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	*	14.545	/	-37.719
	=	0.39

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. Driven Brands Holdings Inc interest coverage is 1.6, which is low.

Driven Brands Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Driven Brands Holdings Inc (NAS:DRVN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 South Church Street, Suite 700, Charlotte, NC, USA, 28202

Website

https://www.drivenbrands.com

Driven Brands Holdings Inc is an automotive services company in North America. Its platform provides high-quality services to an extensive range of retail and commercial customers. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, and repair services, as well as a variety of high-frequency services, such as oil changes and car washes. The company segments include: Maintenance, Car Wash, Paint, Collision & Glass, and Platform Services. It derives maximum revenue from Maintenance Segment. Geographically, the company operates into United States, Canada and Rest of the World.

Executives

Catherine Ann Halligan	director	243 CASELLI AVENUE, SAN FRANCISCO CA 94114
Jonathan G. Fitzpatrick	director, officer: President & CEO	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Gary W Ferrera	officer: EVP, Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Muhammad Khalid	officer: EVP, Seg. Pres. - Maintenance	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Neal K Aronson	director, 10 percent owner, other: See Remarks	1180 PEACHTREE STREET NE., SUITE 2500, ATLANTA GA 30309
Driven Equity Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Rc Iv Cayman Icw Holdings Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Michael G. Macaluso	officer: EVP & Grp Pres-Pt., Coll & Gl.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Jose D. Tomas	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Roark Capital Partners Iii Aiv Lp	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Rc Iv Cayman Icw Holdings Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Driven Equity Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Daniel R. Rivera	officer: EVP & Group President, Maint.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
John R. Teddy	officer: EVP & President, Car Wash N.A.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Karen B. Stroup	director	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202