Shift Technologies (STU:4GI0) Interest Expense: €-10.5 Mil (TTM As of Jun. 2023)

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STU:4GI0 Shift Technologies Inc STU:4GI0
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What is Shift Technologies Interest Expense?

Shift Technologies STU:4GI0 10 Interest Expense is €-10.5 Mil as of Jun. 2023. GuruFocus rates STU:4GI0 with a GF Score™ of 10/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shift Technologies's interest expense for the three months ended in Jun. 2023 was € -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-10.5 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. Shift Technologies's Operating Income for the three months ended in Jun. 2023 was € -19.8 Mil. Shift Technologies's Interest Expense for the three months ended in Jun. 2023 was € -2.5 Mil. Shift Technologies did not have earnings to cover the interest expense. 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.

Shift Technologies  (STU:4GI0) 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.

Shift Technologies's Interest Expense for the three months ended in Jun. 2023 was €-2.5 Mil. Its Operating Income for the three months ended in Jun. 2023 was €-19.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was €168.0 Mil.

Shift Technologies's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Shift Technologies did not have earnings to cover the interest expense.

* 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.

Shift Technologies Interest Expense Historical Data

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The historical data trend for Shift Technologies'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.

Shift Technologies Interest Expense Chart

Shift Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Interest Expense
-3.41 -6.29 -7.15 -10.34

Shift Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -2.69 -2.82 -2.58 -2.61 -2.49
STU:4GI0
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Shift Technologies Inc STU:4GI0
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Shift Technologies 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-10.5 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of €-10.5 Mil mean?
Shift Technologies (STU:4GI0) has a Interest Expense of €-10.5 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Shift Technologies and its competitors.
Is Shift Technologies' Interest Expense too high?
Shift Technologies' current Interest Expense is €-10.5 Mil. Overall, Shift Technologies has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Shift Technologies' Interest Expense compare to PREC and EICCF?
Shift Technologies' Interest Expense of €-10.5 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Shift Technologies and its competitors. Shift Technologies's current Interest Expense is €-10.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift Technologies stock overvalued right now?
Shift Technologies (STU:4GI0) has a current Interest Expense of €-10.5 Mil. The current Interest Expense is €-10.5 Mil. Shift Technologies' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Shift Technologies (STU:4GI0), the current Interest Expense is €-10.5 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shift Technologies Business Description

Address 290 Division Street, Suite 400, San Francisco, CA, USA, 94103-4893
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive , a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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