OppFi (OPFI) Interest Expense : $-46.8 Mil (TTM As of Dec. 2023)

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What is OppFi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OppFi's interest expense for the three months ended in Dec. 2023 was $ -13.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-46.8 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. OppFi's Operating Income for the three months ended in Dec. 2023 was $ 87.7 Mil. OppFi's Interest Expense for the three months ended in Dec. 2023 was $ -13.9 Mil. OppFi's Interest Coverage for the quarter that ended in Dec. 2023 was 6.29. 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.

OppFi Interest Expense Historical Data

The historical data trend for OppFi'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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OppFi Interest Expense Chart

OppFi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-20.65

-19.28

-24.26

-35.16

-46.75

OppFi Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial										-12.37	-10.61	-10.72	-11.48	-13.94

OppFi 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 $-46.8 Mil.

OppFi (NYSE:OPFI) 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.

OppFi's Interest Expense for the three months ended in Dec. 2023 was $-13.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $87.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $349.2 Mil.

OppFi'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	*	87.737	/	-13.943
	=	6.29

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

OppFi (OPFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OppFi Inc (NYSE:OPFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 East Randolph Street, Suite 3400, Chicago, IL, USA, 60601

Website

https://www.oppfi.com

OppFi Inc is a financial technology platform that powers banks to help the everyday consumer gain access to credit with digital specialty finance products.

Executives

Christopher J. Mckay	officer: Chief Risk & Analytics Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Pamela D. Johnson	officer: Chief Accounting Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Jocelyn Moore	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Todd G. Schwartz	director, 10 percent owner	105 S. MAPLE STREET, ITASCA IL 60143
Theodore G Schwartz	director, 10 percent owner	C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
David Vennettilli	director	105 S. MAPLE STREET, ITASCA IL 60143
Blackstone Aqua Master Sub-fund, A Sub-fund Of Blackstone Global Master Fund Icav	10 percent owner	345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Alternative Solutions L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE., NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Christina M Favilla	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Neville Crawley	officer: President	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601