Rivian Automotive (Rivian Automotive) Interest Expense : $-220 Mil (TTM As of Dec. 2023)

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What is Rivian Automotive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rivian Automotive's interest expense for the three months ended in Dec. 2023 was $ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-220 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. Rivian Automotive's Operating Income for the three months ended in Dec. 2023 was $ -1,581 Mil. Rivian Automotive's Interest Expense for the three months ended in Dec. 2023 was $ -73 Mil. Rivian Automotive 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.

Rivian Automotive Interest Expense Historical Data

The historical data trend for Rivian Automotive'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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Rivian Automotive Interest Expense Chart

Rivian Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-34.00

-8.00

-29.00

-103.00

-220.00

Rivian Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-33.00	-38.00	-54.00	-55.00	-73.00

Rivian Automotive 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 $-220 Mil.

Rivian Automotive (NAS:RIVN) 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.

Rivian Automotive's Interest Expense for the three months ended in Dec. 2023 was $-73 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1,581 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,755 Mil.

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

Rivian Automotive did not have earnings to cover the interest expense.

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

Rivian Automotive (Rivian Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rivian Automotive Inc (NAS:RIVN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RIVN:Mexico 99U:Germany

Address

14600 Myford Road, Irvine, CA, USA, 92606

Website

https://www.rivian.com

Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).

Executives

Claire Mcdonough	officer: Chief Financial Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Kjell Gruner	officer: Chief Commercial Officer	C/O HARLEY-DAVIDSON, INC., 3700 W JUNEAU AVENUE, MILWAUKEE WI 53208
John Krafcik	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Jeff Baker	officer: Chief Accounting Officer	1221 BROADWAY, OAKLAND CA 94612
Harald Kroeger	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92606
Jay T Flatley	director	9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Jiten Behl	officer: Chief Growth Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Robert J Scaringe	director, officer: Chief Executive Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Ford Motor Co	10 percent owner	ONE AMERICAN RD, DEARBORN MI 48126
Pamela Thomas-graham	director	C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02139
Karen Boone	director	15 KOCH ROAD, SUITE J, CORTE MADERA CA 94925
Rose M Marcario	director	21101 OXNARD STREET, WOODLAND HILLS CA 91367
Peter Krawiec	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Sanford Harold Schwartz	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Amazon Com Inc	director, 10 percent owner	410 TERRY AVENUE NORTH, SEATTLE WA 98109