ModivCare (STU:PRF) Interest Expense : €-78 Mil (TTM As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is ModivCare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ModivCare's interest expense for the three months ended in Sep. 2024 was € -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-78 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. ModivCare's Operating Income for the three months ended in Sep. 2024 was € 5 Mil. ModivCare's Interest Expense for the three months ended in Sep. 2024 was € -26 Mil. ModivCare's Interest Coverage for the quarter that ended in Sep. 2024 was 0.18. 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.

ModivCare Interest Expense Historical Data

The historical data trend for ModivCare'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.

ModivCare Interest Expense Chart

ModivCare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.77

-14.47

-43.44

-58.49

-63.38

ModivCare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-16.72	-16.83	-17.19	-18.53	-25.67

ModivCare 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-78 Mil.

ModivCare (STU:PRF) 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.

ModivCare's Interest Expense for the three months ended in Sep. 2024 was €-26 Mil. Its Operating Income for the three months ended in Sep. 2024 was €5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €919 Mil.

ModivCare's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	4.739	/	-25.672
	=	0.18

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

ModivCare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ModivCare Inc (STU:PRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MODV:USA PRF0:Germany

Address

6900 Layton Avenue, 12th Floor, Denver, CO, USA, 80237

Website

https://www.modivcare.com

ModivCare Inc is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for payors and their members. The company is also a provider of non-emergency medical transportation, or NEMT, personal care, and remote patient monitoring, or RPM, solutions, which serve similar, highly vulnerable patient populations. Its operating segment includes NEMT, Personal Care, and Remote Patient Monitoring. The company generates maximum revenue from the NEMT segment.

ModivCare Headlines

From GuruFocus

Tillar-Wenstrup Advisors, LLC Buys Invesco FTSE RAFI US 1000 ETF, Vanguard Short-Term Corporate Bond ETF, Vanguard Mortgage-Backed Securities ETF, Sells BTC iShares Floating Rate Bond ETF, BTC iShares MSCI USA Min Vol Factor ETF, SPDR Bloomberg Barclays I

By GuruFocus Research GuruFocus Editor • 02-02-2021

Warren Averett Asset Management, LLC Buys 4, Sells 1 in 1st Quarter

By GuruFocus Research GuruFocus Editor • 05-19-2022

AIMZ Investment Advisors, LLC Buys Invesco FTSE RAFI US 1000 ETF, Tesla Inc, Marvell Technology Group, Sells VANGUARD SPECIALIZ, VANGUARD INDEX FDS, VANGUARD WORLD FDS

By [email protected] insider • 08-19-2020

Pinnacle Financial Group, LLC / IL Goes on Buying Spree in 2nd Quarter

By GuruFocus Research GuruFocus Editor • 07-20-2022

Baystate Wealth Management LLC Buys BTC BlackRock Ultra Short-Term Bond ETF, Invesco FTSE RAFI US 1000 ETF, BTC iShares MSCI USA Value Factor ETF, Sells Consumer Staples Select Sector SPDR, BTC iShares Intermediate Government/Credit Bond ET, Berkshire Hat

By GuruFocus Research GuruFocus Editor • 07-26-2021

Fermata Advisors, LLC Buys SPDR Bloomberg Barclays 1-10 Year TIPS, Vanguard Small Cap Growth ETF, Invesco FTSE RAFI US 1000 ETF, Sells Vanguard Small Cap ETF, Invesco S&P 500 Equal Weight ETF, Invesco S&P MidCap Value with Momentum ETF

By GuruFocus Research GuruFocus Editor • 10-29-2021

RFG Advisory Group, LLC Buys WisdomTree Yield Enhanced U.S. Aggregate Bond Fund, Invesco FTSE RAFI US 1000 ETF, SPDR Portfolio Aggregate Bond ETF, Sells iShares S&P 500 Growth ETF, First Trust NASDAQ-100 Technology Sector Index Fd, iShares U.S. Medical De

By GuruFocus Research GuruFocus Editor • 04-19-2021

Solitude Financial Services Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor • 07-11-2022