Offerpad Solutions (Offerpad Solutions) Interest Expense : $-16.3 Mil (TTM As of Mar. 2024)

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What is Offerpad Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Offerpad Solutions's interest expense for the three months ended in Mar. 2024 was $ -4.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.3 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. Offerpad Solutions's Operating Income for the three months ended in Mar. 2024 was $ -13.6 Mil. Offerpad Solutions's Interest Expense for the three months ended in Mar. 2024 was $ -4.9 Mil. Offerpad Solutions 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.

Offerpad Solutions Interest Expense Historical Data

The historical data trend for Offerpad Solutions'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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Offerpad Solutions Interest Expense Chart

Offerpad Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-18.30

-10.03

-15.85

-45.99

-18.86

Offerpad Solutions Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-7.43	-1.87	-4.41	-5.15	-4.91

Offerpad Solutions 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 $-16.3 Mil.

Offerpad Solutions (NYSE:OPAD) 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.

Offerpad Solutions's Interest Expense for the three months ended in Mar. 2024 was $-4.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-13.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.0 Mil.

Offerpad Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Offerpad Solutions did not have earnings to cover the interest expense.

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

Offerpad Solutions (Offerpad Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Offerpad Solutions Inc (NYSE:OPAD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2150 E. Germann Road, Suite 1, Chandler, AZ, USA, 85286

Website

https://www.offerpad.com

Offerpad Solutions Inc provides a way to buy and sell a home. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to give users a holistic, customer-centric experience, enabling them to efficiently sell and buy their homes online with streamlined access to other services including mortgage, listing, and buyer representation services.

Executives

Jawad A Ahsan	officer: Chief Financial Officer	17800 N 85TH ST, SCOTTSDALE AZ 85255
Roberto Marco Sella	director	2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Kenneth D Degiorgio	director
Ryan Ohara	director	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
Stephen Michael Johnson	officer: Chief Operating Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Benjamin Adam Aronovitch	officer: Chief Legal Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Brian Bair	director, officer: Chief Executive Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Katherine Curnutte	director	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Ll Capital Partners I, L.p.	10 percent owner	C/O LL FUNDS, LLC, 2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Michael S. Burnett	officer: Chief Financial Officer	8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253
First American Financial Corp	10 percent owner	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Sheryl Palmer	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Supernova Partners Llc	10 percent owner	4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Michael S. Clifton	officer: Chief Financial Officer	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Gregg Renfrew	director	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007