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VEL (Velocity Financial) Interest Expense : $-271.0 Mil (TTM As of Dec. 2024)


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What is Velocity Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velocity Financial's interest expense for the three months ended in Dec. 2024 was $ -74.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-271.0 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. Velocity Financial's Operating Income for the three months ended in Dec. 2024 was $ Mil. Velocity Financial's Interest Expense for the three months ended in Dec. 2024 was $ Mil. 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.

Velocity Financial Interest Expense Historical Data

The historical data trend for Velocity 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.

* Premium members only.

Velocity Financial Interest Expense Chart

Velocity Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -99.88 -106.00 -157.20 -203.02 -271.04

Velocity Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -55.55 -61.06 -65.34 -70.01 -74.63

Velocity 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-271.0 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.

Velocity Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Velocity Financial Inc (NYSE:VEL) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
2945 Townsgate Road, Suite 110, Westlake Village, CA, USA, 91361
Website
https://www.velfinance.com
Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.
Executives
Omar Maasarani director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
John Pitstick director 30699 RUSSELL RANCH ROAD, SUITE 250, WESTLAKE VILLAGE CA 91362
Fiona Tam officer: Chief Accounting Officer 30699 RUSSELL RANCH RD, STE. 295, WESTLAKE VILLAGE CA 91362
Lvs Iii Holding Lp director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Tobi Iii Spe I Llc director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Pacific Investment Management Co Llc director, 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Katherine Verner director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Michael Chiao director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Roland Thomas Kelly officer: General Counsel 1551 CALLE PATRICIA, PACIFIC PALISADES CA 90272
Jeffrey T. Taylor officer: See Remarks 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher D. Farrar director, officer: Chief Executive Officer 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Dorika M Beckett director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Mark R Szczepaniak officer: Chief Financial Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher J Oltmann officer: Chief Accounting Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Graham M Comley officer: See Remarks C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362