GP Strategies (GP Strategies) Interest Expense : $-1.7 Mil (TTM As of Jun. 2021)

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What is GP Strategies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GP Strategies's interest expense for the three months ended in Jun. 2021 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was $-1.7 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. GP Strategies's Operating Income for the three months ended in Jun. 2021 was $ 5.8 Mil. GP Strategies's Interest Expense for the three months ended in Jun. 2021 was $ -0.2 Mil. GP Strategies's Interest Coverage for the quarter that ended in Jun. 2021 was 29.56. 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.

GP Strategies Interest Expense Historical Data

The historical data trend for GP Strategies'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.

GP Strategies Interest Expense Chart

GP Strategies Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-1.57

-3.13

-2.95

-6.06

-2.93

GP Strategies Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Interest Expense	Get a 7-Day Free Trial															-0.61	-0.44	-0.91	-0.18	-0.20

GP Strategies 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

GP Strategies (NYSE:GPX) 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.

GP Strategies's Interest Expense for the three months ended in Jun. 2021 was $-0.2 Mil. Its Operating Income for the three months ended in Jun. 2021 was $5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2021 was $22.9 Mil.

GP Strategies's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	5.824	/	-0.197
	=	29.56

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

GP Strategies (GP Strategies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » GP Strategies Corp (NYSE:GPX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Corporate Center, Suite 300, 11000 Broken Land Parkway, Columbia, MD, USA, 21044

Website

https://www.gpstrategies.com

GP Strategies Corp provides training, e-Learning solutions, management consulting, and engineering services. The company serves companies in the automotive, financial services and insurance, steel, oil and gas, power, chemical, electronics and technology, manufacturing, software, retail, healthcare, education, and food and beverage industries, as well as government agencies. Its training offerings include content and curriculum development, e-Learning, learning and training outsourcing, and documentation development.

Executives

Pfenniger Richard C Jr	director	4400 BISCAYNE BLVD., MIAMI FL 33137
Marshall S Geller	director	10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Tamar Elkeles	director	1040 MUIRLANDS DRIVE LA JOLLA CA 92037
Samuel D. Robinson	director	C/O SAGARD CAPITAL MGMT. CORPORATION 325 GREENWICH AVENUE GREENWICH CT 06830
Steven Elliot Koonin	director	1535 RANCHO CONEJO BLVD THOUSAND OAKS CA 91320
Jacques Manardo	director
Adam H Stedham	officer: CEO & President	GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
James L Galante	officer: SVP & General Counsel	GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY SUITE 200 COLUMBIA MD 21044
Scott N Greenberg	director	9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Russell L. Becker	officer: EVP, Chief Sales Officer	GP STRATEGIES CORPORATION 11000 BROKEN LAND PKWY, SUITE 200 COLUMBIA MD 21044
Michael R Dugan	officer: EVP & Chief Financial Officer	GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY, SUITE 200 COLUMBIA MD 21044
Donald R Duquette	officer: Executive Vice President	6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Patricia R. Begley	officer: Executive Vice President	GP STRATEGIES CORPORATION 6095 MARSHALEE DR., SUITE 300 ELKRIDGE MD 21075
Kenneth L Crawford	officer: EVP & General Counsel	6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Cove Street Capital, Llc	10 percent owner	525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO CA 90245