Gores Holdings IV (Gores Holdings IV) Interest Expense : $-52.99 Mil (TTM As of Mar. 2021)

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What is Gores Holdings IV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gores Holdings IV's interest expense for the three months ended in Mar. 2021 was $ -52.99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was $-52.99 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. Gores Holdings IV's Operating Income for the three months ended in Mar. 2021 was $ 908.58 Mil. Gores Holdings IV's Interest Expense for the three months ended in Mar. 2021 was $ -52.99 Mil. Gores Holdings IV's Interest Coverage for the quarter that ended in Mar. 2021 was 17.15. 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.

Gores Holdings IV Interest Expense Historical Data

The historical data trend for Gores Holdings IV'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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Gores Holdings IV Interest Expense Chart

Gores Holdings IV Annual Data

Trend

Dec19

Dec20

Interest Expense

Gores Holdings IV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Interest Expense	Get a 7-Day Free Trial			-43.04	-	-	-	-52.99

Gores Holdings IV 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52.99 Mil.

Gores Holdings IV (NAS:GHIVU) 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.

Gores Holdings IV's Interest Expense for the three months ended in Mar. 2021 was $-52.99 Mil. Its Operating Income for the three months ended in Mar. 2021 was $908.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2021 was $969.36 Mil.

Gores Holdings IV's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2021 )	/	Interest Expense (Q: Mar. 2021 )
	=	-1	*	908.577	/	-52.99
	=	17.15

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

Gores Holdings IV (Gores Holdings IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gores Holdings IV Inc (NAS:GHIVU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 South Boulevard E, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp operates as a residential mortgage lender and the wholesale mortgage lender. The company provides independent mortgage advisors across the states and the district of Columbia. The firm also offers training, technology, marketing support, and more to help the entrepreneurial partners.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Gores Sponsor Iv Llc	director, 10 percent owner	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Jeffrey Gene Rea	director	C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Patton William B Jr	director
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201