Virtu Financial (STU:0VF) Interest Expense : €-580 Mil (TTM As of Mar. 2024)

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What is Virtu Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virtu Financial's interest expense for the three months ended in Mar. 2024 was € -137 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-580 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. Virtu Financial's Operating Income for the three months ended in Mar. 2024 was € 268 Mil. Virtu Financial's Interest Expense for the three months ended in Mar. 2024 was € -137 Mil. Virtu Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 1.95. 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.

Virtu Financial Interest Expense Historical Data

The historical data trend for Virtu Financial'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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Virtu Financial Interest Expense Chart

Virtu Financial Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-251.91

-175.40

-194.41

-305.00

-549.98

Virtu Financial 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															-113.84	-126.77	-148.20	-167.23	-137.32

Virtu Financial 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 €-580 Mil.

Virtu Financial (STU:0VF) 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.

Virtu Financial's Interest Expense for the three months ended in Mar. 2024 was €-137 Mil. Its Operating Income for the three months ended in Mar. 2024 was €268 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €4,439 Mil.

Virtu Financial'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	*	267.528	/	-137.319
	=	1.95

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. Virtu Financial Inc interest coverage is 1.54, which is low.

Virtu Financial (STU:0VF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (STU:0VF) » Definitions » Interest Expense

Comparable Companies

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VIRT:USA VIRT:Mexico

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

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