AvidXchange Holdings (AvidXchange Holdings) Interest Expense : $-13.5 Mil (TTM As of Mar. 2024)

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What is AvidXchange Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AvidXchange Holdings's interest expense for the three months ended in Mar. 2024 was $ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-13.5 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. AvidXchange Holdings's Operating Income for the three months ended in Mar. 2024 was $ -3.9 Mil. AvidXchange Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -3.3 Mil. AvidXchange 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.

AvidXchange Holdings Interest Expense Historical Data

The historical data trend for AvidXchange 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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AvidXchange Holdings Interest Expense Chart

AvidXchange Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-17.26

-20.08

-20.11

-20.75

-13.52

AvidXchange Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-3.32	-3.36	-3.43	-3.41	-3.34

AvidXchange 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.5 Mil.

AvidXchange Holdings (NAS:AVDX) 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.

AvidXchange Holdings's Interest Expense for the three months ended in Mar. 2024 was $-3.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-3.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $134.9 Mil.

AvidXchange Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

AvidXchange Holdings did not have earnings to cover the interest expense.

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

AvidXchange Holdings (AvidXchange Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AvidXchange Holdings Inc (NAS:AVDX) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

1210 AvidXchange Lane, Charlotte, NC, USA, 28206

Website

https://www.avidxchange.com

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

Executives

Joel Wilhite	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Ryan Stahl	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Todd Alan Cunningham	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Michael Praeger	director, officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Daniel Drees	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Angelic Gibson	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
James E Hausman	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Sonali Sambhus	director	C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Asif Ramji	director	3399 PEACHTREE ROAD NE, SUITE 1900, ATLANTA GA 30326
Bain Capital Venture Partners 2014, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Teresa Mackintosh	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Bcv Ax Investors, L.p.	10 percent owner	200 CLARENDON ST, BOSTON MA 02116
Bain Capital Venture Coinvestment Partners, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund, L.p.	10 percent owner	JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116