Coinbase Global (Coinbase Global) Interest Expense : $-83 Mil (TTM As of Dec. 2023)

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What is Coinbase Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coinbase Global's interest expense for the three months ended in Dec. 2023 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-83 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. Coinbase Global's Operating Income for the three months ended in Dec. 2023 was $ 73 Mil. Coinbase Global's Interest Expense for the three months ended in Dec. 2023 was $ -19 Mil. Coinbase Global's Interest Coverage for the quarter that ended in Dec. 2023 was 3.87. 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.

Coinbase Global Interest Expense Historical Data

The historical data trend for Coinbase Global'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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Coinbase Global Interest Expense Chart

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-29.16

-88.90

-82.77

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-21.60	-21.54	-21.67	-20.82	-18.74

Coinbase Global 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-83 Mil.

Coinbase Global (NAS:COIN) 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.

Coinbase Global's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. Its Operating Income for the three months ended in Dec. 2023 was $73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,984 Mil.

Coinbase Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	72.515	/	-18.737
	=	3.87

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

Coinbase Global (Coinbase Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (NAS:COIN) » Definitions » Interest Expense

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Traded in Other Exchanges

COIN:Mexico 1QZ:Germany 1QZ:Germany 1QZ:Germany 1QZ:Germany C2OI34:Brazil COIN:Austria

Address

c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Executives

Gokul Rajaram	director	301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701
Ehrsam Frederick Ernest Iii	director	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Emilie Choi	officer: President	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Brian Armstrong	director, 10 percent owner, officer: Chairman and CEO	100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Marc L Andreessen	director, 10 percent owner	C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111
Paul Grewal	officer: Chief Legal Officer	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Lawrence J Brock	officer: Chief People Officer	C/O COINBASE GLOBAL, INC., 248 3RD ST #434, OAKLAND CA 94607
Alesia J Haas	officer: Chief Financial Officer	3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Kathryn Haun	director	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Jennifer N. Jones	officer: Chief Accounting Officer	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Tobias Lutke	director	C/O SHOPIFY INC., 150 ELGIN ST., 8TH FLOOR, OTTAWA A6 K2P 1L4
Surojit Chatterjee	officer: Chief Product Officer	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Andreessen Horowitz Lsv Fund I-b, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Frederick R Wilson	director, 10 percent owner