Virtu Financial (Virtu Financial) Interest Expense : $-627 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 $ -149 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-627 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 $ 291 Mil. Virtu Financial's Interest Expense for the three months ended in Mar. 2024 was $ -149 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

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-279.90

-213.38

-219.67

-323.10

-599.76

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															-121.89	-137.34	-158.16	-182.37	-149.26

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 $-627 Mil.

Virtu Financial (NAS:VIRT) 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 $-149 Mil. Its Operating Income for the three months ended in Mar. 2024 was $291 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,825 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	*	290.791	/	-149.26
	=	1.95

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

Virtu Financial (Virtu Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (NAS:VIRT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VIRT:Mexico 0VF:Germany

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.

Executives

Joseph Molluso	officer: EX VP & CFO	645 MADISON AVENUE, NEW YORK NY 10022-1010
Douglas A Cifu	director, officer: CEO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Brett Fairclough	officer: COO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Joanne Minieri	director	100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Stephen Cavoli	officer: EVP	300 VESEY STREET, NEW YORK NY 10282
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Coral Blue Investment Pte. Ltd.	10 percent owner	168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912
North Island Ventures, Llc	10 percent owner	51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019
Sean Galvin	officer: CFO	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Temasek Holdings (private) Ltd	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Joseph C. Grano	director	1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Alexander M. Ioffe	officer: CFO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Hyungtaek Kim	officer: CAO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006