Virgin Orbit Holdings (Virgin Orbit Holdings) Interest Expense : $-1.33 Mil (TTM As of Dec. 2022)

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What is Virgin Orbit Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virgin Orbit Holdings's interest expense for the three months ended in Dec. 2022 was $ -0.74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.33 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. Virgin Orbit Holdings's Operating Income for the three months ended in Dec. 2022 was $ -66.91 Mil. Virgin Orbit Holdings's Interest Expense for the three months ended in Dec. 2022 was $ -0.74 Mil. Virgin Orbit Holdings 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.

Virgin Orbit Holdings Interest Expense Historical Data

The historical data trend for Virgin Orbit Holdings'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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Virgin Orbit Holdings Interest Expense Chart

Virgin Orbit Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-2.79

-4.85

-0.02

-1.33

Virgin Orbit Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial						-0.01	-0.03	-0.05	-0.51	-0.74

Virgin Orbit Holdings 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.33 Mil.

Virgin Orbit Holdings (OTCPK:VORBQ) 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.

Virgin Orbit Holdings's Interest Expense for the three months ended in Dec. 2022 was $-0.74 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-66.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $53.89 Mil.

Virgin Orbit Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Virgin Orbit Holdings did not have earnings to cover the interest expense.

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

Virgin Orbit Holdings (Virgin Orbit Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Orbit Holdings Inc (OTCPK:VORBQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4022 East Conant Street, Long Beach, CA, USA, 90808

Website

https://www.virginorbit.com

Virgin Orbit Holdings Inc is a vertically integrated space company that provides customers with dedicated small satellite launch capabilities. Its launches have delivered satellites to orbit for customers across commercial, civil, and national security and defense markets, both domestically and internationally.

Executives

Jill Kathleen Frizzley	director	P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Corvina Holdings Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER X0 JE1 1BJ
Virgin Group Holdings Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER, JERSEY X0 JE1 1BJ
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Sir Richard Branson	10 percent owner	RICHARD'S HOUSE, THE VALLEY, VIRGIN GORDA, NECKER ISLAND D8 POBOX 1091
Katharina G. Mcfarland	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Mubadala Investment Co Pjsc	10 percent owner	P.O. BOX 45005, ABU DHABI C0 00000
Mamoura Diversified Global Holding Pjsc	10 percent owner	P. O. BOX 45005, ABU DHABI C0 UAE
Fifteenth Investment Co Llc	10 percent owner	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Vieco 10 Ltd	10 percent owner	CRAIGMUIR CHAMBERS, P.O. BOX 71, ROAD TOWN, TORTOLA D8 VG1110
Shadid Abdulla Mohamed Ismail Ibrahim	director	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Daniel M Hart	director, officer: Chief Executive Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Derrick Osmond Boston	officer: Chief Legal Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Brita Eve O'rear	officer: Chief Financial Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808