Opendoor Technologies (Opendoor Technologies) Interest Expense : $-211 Mil (TTM As of Dec. 2023)

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What is Opendoor Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Opendoor Technologies's interest expense for the three months ended in Dec. 2023 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-211 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. Opendoor Technologies's Operating Income for the three months ended in Dec. 2023 was $ -111 Mil. Opendoor Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -37 Mil. Opendoor Technologies 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.

Opendoor Technologies Interest Expense Historical Data

The historical data trend for Opendoor Technologies'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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Opendoor Technologies Interest Expense Chart

Opendoor Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-110.00

-68.00

-143.00

-385.00

-211.00

Opendoor Technologies Quarterly Data
	Dec18	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													-113.00	-74.00	-53.00	-47.00	-37.00

Opendoor Technologies 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 $-211 Mil.

Opendoor Technologies (NAS:OPEN) 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.

Opendoor Technologies's Interest Expense for the three months ended in Dec. 2023 was $-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,529 Mil.

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

Opendoor Technologies did not have earnings to cover the interest expense.

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

Opendoor Technologies (Opendoor Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Opendoor Technologies Inc (NAS:OPEN) » Definitions » Interest Expense

Comparable Companies

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OPEN1:Mexico 25M:Germany

Address

410 N. Scottsdale Road, Suite 1600, Tempe, AZ, USA, 85281

Website

https://www.opendoor.com

Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.

Executives

Megan D. Meyer	officer: President, Sell Direct & Svcs.	C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Christina Schwartz	officer: See Remarks	C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Sydney Schaub	officer: Chief Legal Officer	OPENDOOR TECHNOLOGIES INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Carrie Wheeler	officer: CFO	500 VOLVO PARKWAY, CHESAPEAKE VA 23320
Dana Hamilton	director	C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
Eric Chung-wei Wu	director, officer: CEO	C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Daniel Morillo	officer: Chief Investment Officer	C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Low Ah Kee Andrew	officer: President	C/O GODADDY INC., 14455 N. HAYDEN RD., SCOTTSDALE AZ 85260
Glenn Solomon	director	C/O GGV CAPITAL, 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
Pueo Keffer	director	C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Svf Excaliber (cayman) Ltd	10 percent owner	27 HOSPITAL ROAD, WALKERS CORPORATE LTD., CAYMAN CORPORATE CENTRE, GEORGE TOWN, GRAND CAYMAN E9 KY-9008
Elizabeth Ann Stevens	officer: Head of Legal	C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Rice E. John Jr	director	7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Jason Kilar	director	208 S. AKARD ST, DALLAS TX 75202
Jonathan M Jaffe	director	LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172