LuxUrban Hotels (LuxUrban Hotels) Interest Expense : $-8.0 Mil (TTM As of Dec. 2023)

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What is LuxUrban Hotels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LuxUrban Hotels's interest expense for the three months ended in Dec. 2023 was $ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.0 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. LuxUrban Hotels's Operating Income for the three months ended in Dec. 2023 was $ -41.5 Mil. LuxUrban Hotels's Interest Expense for the three months ended in Dec. 2023 was $ -2.5 Mil. LuxUrban Hotels did not have earnings to cover the interest expense. 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.

LuxUrban Hotels Interest Expense Historical Data

The historical data trend for LuxUrban Hotels'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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LuxUrban Hotels Interest Expense Chart

LuxUrban Hotels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.37

-0.58

-1.63

-5.48

-7.98

LuxUrban Hotels Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial										-4.25	-2.13	-1.19	-2.19	-2.48

LuxUrban Hotels 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 $-8.0 Mil.

LuxUrban Hotels (NAS:LUXH) 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.

LuxUrban Hotels's Interest Expense for the three months ended in Dec. 2023 was $-2.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-41.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $248.0 Mil.

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

LuxUrban Hotels did not have earnings to cover the interest expense.

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

LuxUrban Hotels (LuxUrban Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LuxUrban Hotels Inc (NAS:LUXH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

2125 Biscayne Boulevard, Suite 253, Miami, FL, USA, 33137

Website

https://www.luxurbanhotels.com

LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles.

Executives

Brian Ferdinand	director, officer: Chief Executive Officer	224 MUTTONTOWN EASTWOODS ROAD, MUTTONTOWN NY 11791
Leonard Toboroff	director	39 N MOORE ST, STE 6B, NEW YORK NY 10013
Kevin Michael Potts	officer: Chief Revenue Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Donald Engel	director	570 PARK AVE, NEW YORK NY 10065
Shanoop Kothari	officer: Chief Financial Officer	2865 SCOTT STREET, SUITE 107, VISTA CA 92081
Aimee Nelson	director	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jeffrey Webb	director	6589 GREEN SHADOWS, STE 6B, MEMPHIS TN 38119
David Gurfein	officer: President & COO	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Karl Rothman	officer: Chief Accounting Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jimmie Chatmon	director, officer: Executive Vice President	2125 BISCAYNE BLVD, MIAMI FL 33137
Kevin Mikolashek	officer: Chief Compliance Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
David Edward Berg	director	2125 BISCAYNE BLVD., SUITE 253, MIAMI FL 33137