NVR (NVR) Interest Expense : $-27 Mil (TTM As of Dec. 2023)

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What is NVR Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NVR's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27 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. NVR's Operating Income for the three months ended in Dec. 2023 was $ 490 Mil. NVR's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. NVR's Interest Coverage for the quarter that ended in Dec. 2023 was 72.10. 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.

NVR Interest Expense Historical Data

The historical data trend for NVR'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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NVR Interest Expense Chart

NVR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.38

-40.87

-53.12

-39.52

-27.74

NVR 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															-7.26	-6.80	-6.90	-6.79	-6.83

NVR 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

NVR (NYSE:NVR) 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.

NVR's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $490 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,014 Mil.

NVR's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	489.649	/	-6.791
	=	72.10

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NVR Inc has enough cash to cover all of its debt. Its financial situation is stable.

NVR (NVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » NVR Inc (NYSE:NVR) » Definitions » Interest Expense

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N1VR34:Brazil

Address

11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190

Website

https://www.nvrinc.com

NVR Inc is a United States-based homebuilding company operating in over 33 metropolitan areas across the east of the Mississippi River. The company builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. NVR's avoidance of direct land development activity is unique among public homebuilders and results in relatively outsize return metrics. The Virginia-based company also manages mortgage banking segment and homebuilding operating segments. The homebuilding segment includes four geographic areas; Mid-Atlantic, North East, Mid-East, and South East.

Executives

Daniel David Malzahn	officer: Chief Financial Officer	11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Paul C Saville	officer: Executive Vice President, CFO	C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Susan Williamson Ross	director	11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Eugene James Bredow	officer: Controller	11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Matthew B. Kelpy	officer: VP, Chief Accounting Officer	11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Melquiades R. Martinez	director	450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Alfred E Festa	director
Charles Elliott Andrews	director	C/O H&R BLOCK, ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Sallie B Bailey	director	FERRO CORPORATION, 1000 LAKESIDE AVENUE, CLEVELAND OH 44124-1147
Thomas D Eckert	director	1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Manuel H Johnson	director	C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Paul W Praylo	officer: SVP, Chief Operating Officer	11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Alexandra A Jung	director	11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Jeffrey D Martchek	officer: President of Homebuilding Ops	11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
David A Preiser	director