Onity Group (Onity Group) Interest Expense : $0 Mil (TTM As of Mar. 2024)

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What is Onity Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Onity Group's interest expense for the three months ended in Mar. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $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. Onity Group's Operating Income for the three months ended in Mar. 2024 was $ 73 Mil. Onity Group's Interest Expense for the three months ended in Mar. 2024 was $ 0 Mil. GuruFocus does not calculate Onity Group's interest coverage with the available data. 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.

Onity Group Interest Expense Historical Data

The historical data trend for Onity Group'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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Onity Group Interest Expense Chart

Onity Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-114.13

-109.37

-143.97

Onity Group 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															-	-	-	-	-

Onity Group 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 $0 Mil.

Onity Group (NYSE:ONIT) 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.

Onity Group's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $11,441 Mil.

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

GuruFocus does not calculate Onity Group's interest coverage with the available data.

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

Onity Group (Onity Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Onity Group Inc (NYSE:ONIT) » Definitions » Interest Expense

Comparable Companies

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0KAS:UK

Address

1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409

Website

https://www.ocwen.com

Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.

Executives

Jenna D. Evans	officer: Chief Risk & Compliance	1661 WORTHINGTON RD, SUITE 100, WEST PALM BEACH FL 33409
Sean Bradley O'neil	officer: EVP & Chief Financial Officer	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jacques J Busquet	director	C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Jenne K Britell	director	100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Phyllis R Caldwell	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Glen A. Messina	director, officer: President and CEO	3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Dennis Zeleny	officer: Chief Administrative Officer	1818 MARKET STREET, SUITE 1500, PHILADELPHIA PA 19103-7583
Aaron D Wade	officer: EVP, Capital Markets	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
George T. Henley	officer: EVP & Chief Growth Officer	C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Soaries Deforest B. Jr.	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Joseph B Long	officer: EVP, Capital Markets	C/O EVERBANK FINANCIAL CORP, 501 RIVERSIDE AVENUE, JACKSONVILLE FL 32202
Kevin Stein	director	3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Deer Park Road Management Company, Lp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Agatecreek Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487