CPI Card Group (CPI Card Group) Interest Expense : $-26.6 Mil (TTM As of Mar. 2024)

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What is CPI Card Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CPI Card Group's interest expense for the three months ended in Mar. 2024 was $ -6.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-26.6 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. CPI Card Group's Operating Income for the three months ended in Mar. 2024 was $ 14.1 Mil. CPI Card Group's Interest Expense for the three months ended in Mar. 2024 was $ -6.4 Mil. CPI Card Group's Interest Coverage for the quarter that ended in Mar. 2024 was 2.20. 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.

CPI Card Group Interest Expense Historical Data

The historical data trend for CPI Card Group'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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CPI Card Group Interest Expense Chart

CPI Card Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.89

-25.40

-30.61

-29.62

-26.91

CPI Card Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.78	-6.74	-6.71	-6.68	-6.43

CPI Card Group 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 $-26.6 Mil.

CPI Card Group (NAS:PMTS) 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.

CPI Card Group's Interest Expense for the three months ended in Mar. 2024 was $-6.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $14.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $265.3 Mil.

CPI Card Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	14.145	/	-6.425
	=	2.20

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

CPI Card Group (CPI Card Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CPI Card Group Inc (NAS:PMTS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CPB1:Germany

Address

10368 West Centennial Road, Littleton, CO, USA, 80127

Website

https://www.cpicardgroup.com

CPI Card Group Inc is a payment technology company engaged in providing financial payment card solutions and services. It offers credit, debit and prepaid cards. The business segments of the group are Debit and Credit, which produces Financial Payment Cards and provides integrated card services to card-issuing banks in the United States, and Prepaid Debit, which provides integrated card services to Prepaid Debit Card program managers in the United States and Others. It derives key revenue from the Debit and Credit segment.

Executives

H Sanford Riley	director	P.O. BOX 4030, NH353, GOLDEN CO 80401
Jeffrey A. Hochstadt	officer: Chief Financial Officer	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Margaret Elizabeth O'leary	officer: SVP, Prepaid Solutions	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Thomas M Furey	director	839 W T STREET, WASHOUGAL WA 98671
Sonya Vollmer	officer: Chief Human Resources Officer	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Donna Renee Abbey	officer: Controller & Chief Acct. Off.	10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Keating Valerie Soranno	director	C/O CPI CARD GROUP INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
Nicholas A Peters	director	10368 WEST CENTENNIAL RD., LITTLETON CO 80127
Robert Pearce	director	10368 WEST CENTENNIAL RD., LITTLETON CO 80127
Amintore Schenkel	officer: CFO	7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Lauren Kay Baer	officer: Chief Human Resources Officer	10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Marc Sheinbaum	director	24 DEERFIELD ROAD, CHAPPAQUA NY 10514
Scott Scheirman	director, officer: President & CEO	THE WESTERN UNION COMPANY, 12500 EAST BELFORD AVENUE, ENGLEWOOD CO 80112
Kevin Patrick O'brien	officer: Chief Accounting Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Sarah Elizabeth Williams	officer: Chief Technology Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, LITTLETON CO 80127