Verra Mobility (Verra Mobility) Interest Expense : $-83.6 Mil (TTM As of Mar. 2024)

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What is Verra Mobility Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Verra Mobility's interest expense for the three months ended in Mar. 2024 was $ -19.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-83.6 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. Verra Mobility's Operating Income for the three months ended in Mar. 2024 was $ 54.4 Mil. Verra Mobility's Interest Expense for the three months ended in Mar. 2024 was $ -19.6 Mil. Verra Mobility's Interest Coverage for the quarter that ended in Mar. 2024 was 2.77. 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.

Verra Mobility Interest Expense Historical Data

The historical data trend for Verra Mobility'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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Verra Mobility Interest Expense Chart

Verra Mobility Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-60.73

-40.87

-44.94

-69.37

-86.70

Verra Mobility 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															-22.69	-22.77	-20.38	-20.86	-19.64

Verra Mobility 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 $-83.6 Mil.

Verra Mobility (NAS:VRRM) 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.

Verra Mobility's Interest Expense for the three months ended in Mar. 2024 was $-19.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $54.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,065.4 Mil.

Verra Mobility'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	*	54.353	/	-19.635
	=	2.77

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

Verra Mobility (Verra Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Verra Mobility Corp (NAS:VRRM) » Definitions » Interest Expense

Traded in Other Exchanges

0YK:Germany

Address

1150 North Alma School Road, Mesa, AZ, USA, 85201

Website

https://www.verramobility.com

Verra Mobility Corp provides smart transportation solutions. The company develops and uses technology and data intelligence to help make transportation safer and easier. It operates in three segments namely Commercial Services, Government Solutions, and Parking Solutions. It generates maximum revenue from the Commercial Services segment. The commercial Services segment delivers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.

Executives

Craig C Conti	officer: EVP	1 S. WACKER DR., SUITE 1000, CHICAGO IL 60606
Steve Lalla	officer: EVP Commercial Services	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
David Martin Roberts	director, officer: President and CEO	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Jonathan Keyser	other: Chief Legal Officer	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Jonathan Baldwin	officer: EVP-Government Solutions	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Sarah E Farrell	director	572 RUGER STREET, SUITE B, SAN FRANCISCO CA 94129
Platinum Equity Llc	director, 10 percent owner	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Blake Norman P Iii	officer: Pres. T2 Systems	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Patricia Chiodo	officer: Chief Financial Officer	5227 EAST GLORIA LANE, CAVE CREEK AZ 85331
Rebecca Collins	officer: General Counsel	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Mark J. Talbot	officer: EVP Government Solutions	1150 NORTH ALMA SCHOOL ROAD, MESA AZ 85201
Michael P Huerta	director	1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Patrick J Byrne	director	395 PAGE MILL ROAD, MS A3-18, PALO ALTO CA 94306
Garrett Fristoe Miller	officer: Executive Vice President	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Vincent Brigidi	officer: Exec. VP	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201