Purple Innovation (Purple Innovation) Interest Expense : $-6.2 Mil (TTM As of Mar. 2024)

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What is Purple Innovation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Purple Innovation's interest expense for the three months ended in Mar. 2024 was $ -4.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.2 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. Purple Innovation's Operating Income for the three months ended in Mar. 2024 was $ -23.1 Mil. Purple Innovation's Interest Expense for the three months ended in Mar. 2024 was $ -4.5 Mil. Purple Innovation 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.

Purple Innovation Interest Expense Historical Data

The historical data trend for Purple Innovation'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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Purple Innovation Interest Expense Chart

Purple Innovation Annual Data

Trend

Dec15

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Dec19

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Dec23

Interest Expense

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-5.18

-4.65

-1.87

-3.54

-1.97

Purple Innovation 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															-0.20	-0.35	-0.59	-0.82	-4.47

Purple Innovation 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 $-6.2 Mil.

Purple Innovation (NAS:PRPL) 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.

Purple Innovation's Interest Expense for the three months ended in Mar. 2024 was $-4.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-23.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $147.6 Mil.

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

Purple Innovation did not have earnings to cover the interest expense.

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

Purple Innovation (Purple Innovation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Purple Innovation Inc (NAS:PRPL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4100 North Chapel Ridge Road, Suite 200, Lehi, UT, USA, 84043

Website

https://www.purple.com

Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort technology offerings, including mattresses, a pillow, cushions, sheets, bed platforms, and other products. It sells its products through online channels, traditional wholesale partners and third-party online retailers.

Executives

Jack Roddy	officer: Chief People Officer	C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Tricia Mcdermott	officer: Chief Legal Officer	C/O PURPLE INNOVATION, INC., 4100 NORTH CHAPEL RIDGE RD., SUITE 200, LEHI UT 84043
Todd E. Vogensen	officer: Chief Financial Officer	11215 METRO PARKWAY, FORT MYERS FL 33966
Gary T Dicamillo	director	888 WASHINGTON STREET, DEDHAM MA 02027
Douglas Scott Peterson	director	4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043
Casey Kale Mcgarvey	officer: Chief Legal Officer and Sec.	123 EAST 200 NORTH, ALPINE UT 84004
Jeffery Scott Kerby	officer: Chief of Owned Retail	4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Seth Lane Darling	director	4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
R Carter Pate	director	5739 WORTHAM LANE, DALLAS TX 75252
Robert Demartini	director, officer: Acting CEO	102 WHITE PINE CANYON ROAD, PARK CITY UT 84060
Erika Serow	director	4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043
Eric Scott Haynor	officer: Chief Operating Officer	4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Coliseum Capital Management, Llc	director, 10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Keira Krausz	officer: Chief Marketing Officer	4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Jeffrey Layne Hutchings	officer: Chief Innovation Officer	4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043