VERX (Vertex) Interest Expense : $-4.5 Mil (TTM As of Sep. 2024)

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What is Vertex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertex's interest expense for the three months ended in Sep. 2024 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-4.5 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. Vertex's Operating Income for the three months ended in Sep. 2024 was $ 4.9 Mil. Vertex's Interest Expense for the three months ended in Sep. 2024 was $ 0.0 Mil. GuruFocus does not calculate Vertex's interest coverage with the available data. 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.

Vertex Interest Expense Historical Data

The historical data trend for Vertex'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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Vertex Interest Expense Chart

Vertex Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.95

-3.11

-0.98

-2.05

-4.16

Vertex 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															-0.60	-4.02	-0.29	-0.18	-

Vertex 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 $-4.5 Mil.

Vertex (NAS:VERX) 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.

Vertex's Interest Expense for the three months ended in Sep. 2024 was $0.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $348.2 Mil.

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

GuruFocus does not calculate Vertex's interest coverage with the available data.

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

Vertex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vertex Inc (NAS:VERX) » Definitions » Interest Expense

Comparable Companies

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0A3L:UK 56X:Germany

Address

2301 Renaissance Boulevard, King of Prussia, PA, USA, 19406

Website

https://www.vertexinc.com

Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.

Executives

David Destefano	director, officer: President & CEO	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Rowland Bryan T.r.	officer: General Counsel	101 WOLF DRIVE, THOROFARE NJ 08086
John Richard Stamm	director	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Item Second Irr. Trust Fbo Kyle R. Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Item Second Irr. Trust Fbo Jacob J. Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Jeffery Westphal	director, 10 percent owner	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Item Second Irr. Trust Fbo Anne Marie Westphal U/a Of Jeffrey R. Westphal Dated October 5, 2001	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
John R Schwab	officer: Chief Financial Officer	C/O NCO GROUP, INC., 507 PRUDENTIAL ROAD, HORSHAM PA 19044
Eric C. Andersen	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
2020 Irrevocable Trust For Benefit Of Nicholas A. Shuhan	10 percent owner, other: 13(d) Group Member	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Lisa Butler	officer: Chief Accounting Officer	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406
Tensile Capital Management Lp	10 percent owner	700 LARKSPUR LANDING CIRCLE, SUITE 255, LARKSPUR CA 94939
Kevin L Robert	director	501 KANSAS AVENUE, KANSAS CITY KS 66105
Philip Seth Saunders	director	13 MAPLE KNOLL LANE, MANALAPAN NJ 07726
Amanda Westphal Radcliffe	director, 10 percent owner	C/O VERTEX, INC., 2301 RENAISSANCE BLVD., KING OF PRUSSIA PA 19406