Vivid Seats (Vivid Seats) Interest Expense : $-15.3 Mil (TTM As of Mar. 2024)

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What is Vivid Seats Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vivid Seats's interest expense for the three months ended in Mar. 2024 was $ -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-15.3 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. Vivid Seats's Operating Income for the three months ended in Mar. 2024 was $ 20.7 Mil. Vivid Seats's Interest Expense for the three months ended in Mar. 2024 was $ -5.1 Mil. Vivid Seats's Interest Coverage for the quarter that ended in Mar. 2024 was 4.07. 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.

Vivid Seats Interest Expense Historical Data

The historical data trend for Vivid Seats'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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Vivid Seats Interest Expense Chart

Vivid Seats Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-41.50

-57.48

-58.18

-12.86

-13.51

Vivid Seats Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-3.28	-2.77	-2.54	-4.91	-5.08

Vivid Seats 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 $-15.3 Mil.

Vivid Seats (NAS:SEAT) 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.

Vivid Seats's Interest Expense for the three months ended in Mar. 2024 was $-5.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $20.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $279.7 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	20.675	/	-5.082
	=	4.07

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

Vivid Seats (Vivid Seats) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vivid Seats Inc (NAS:SEAT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602

Website

https://www.vividseats.com

Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.

Executives

Edward Pickus	officer: Chief Accounting Officer	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner	officer: Chief Technology Officer	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal	officer: SVP, Strategy & Product	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc	10 percent owner	C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Emily T Epstein	officer: General Counsel	101 MERRITT 7, NORWALK CT 06851
Craig A. Dixon	director	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris	officer: General Counsel	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly	director, 10 percent owner	600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc	10 percent owner	600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio	director	3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/	10 percent owner	ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino	director	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606