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SP Plus (FRA:PZA) Interest Expense : €-27 Mil (TTM As of Dec. 2023)


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What is SP Plus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SP Plus's interest expense for the three months ended in Dec. 2023 was € -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-27 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. SP Plus's Operating Income for the three months ended in Dec. 2023 was € 11 Mil. SP Plus's Interest Expense for the three months ended in Dec. 2023 was € -7 Mil. SP Plus's Interest Coverage for the quarter that ended in Dec. 2023 was 1.57. 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.

SP Plus Interest Expense Historical Data

The historical data trend for SP Plus'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.

SP Plus Interest Expense Chart

SP Plus Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.01 -17.67 -18.76 -16.71 -26.69

SP Plus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.19 -6.35 -6.74 -6.93 -6.97

SP Plus 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-27 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.

SP Plus  (FRA:PZA) 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.

SP Plus's Interest Expense for the three months ended in Dec. 2023 was €-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was €11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €453 Mil.

SP Plus's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*10.912/-6.969
=1.57

* 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.

SP Plus (FRA:PZA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SP Plus Corp (FRA:PZA) » Definitions » Interest Expense
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Traded in Other Exchanges
SP:USA
Address
200 East Randolph Street, Suite 7700, Chicago, IL, USA, 60601-7702
Website
https://www.spplus.com
SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.