Robinhood Markets (FRA:7KY) Interest Expense : €0 Mil (TTM As of Mar. 2024)

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What is Robinhood Markets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Robinhood Markets's interest expense for the three months ended in Mar. 2024 was € 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Robinhood Markets's Operating Income for the three months ended in Mar. 2024 was € 147 Mil. Robinhood Markets's Interest Expense for the three months ended in Mar. 2024 was € 0 Mil. Robinhood Markets has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Robinhood Markets Interest Expense Historical Data

The historical data trend for Robinhood Markets'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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Robinhood Markets Interest Expense Chart

Robinhood Markets Annual Data

Trend

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Interest Expense

Robinhood Markets Quarterly Data
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Robinhood Markets 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 €0 Mil.

Robinhood Markets (FRA:7KY) 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.

Robinhood Markets's Interest Expense for the three months ended in Mar. 2024 was €0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

Robinhood Markets's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Robinhood Markets had no long-term debt ⁽¹⁾.

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. Robinhood Markets Inc has enough cash to cover all of its debt. Its financial situation is stable.

Robinhood Markets (FRA:7KY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Robinhood Markets Inc (FRA:7KY) » Definitions » Interest Expense

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Traded in Other Exchanges

HOOD:USA HOOD:Mexico

Address

85 Willow Road, Menlo Park, CA, USA, 94025

Website

https://www.robinhood.com

Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.

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