Movida Participacoes (BSP:MOVI3) Interest Expense : R$-1,483 Mil (TTM As of Dec. 2023)

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What is Movida Participacoes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Movida Participacoes's interest expense for the three months ended in Dec. 2023 was R$ -329 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-1,483 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. Movida Participacoes's Operating Income for the three months ended in Dec. 2023 was R$ -201 Mil. Movida Participacoes's Interest Expense for the three months ended in Dec. 2023 was R$ -329 Mil. Movida Participacoes 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.

Movida Participacoes Interest Expense Historical Data

The historical data trend for Movida Participacoes'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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Movida Participacoes Interest Expense Chart

Movida Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-234.31

-202.98

-750.27

-1,686.37

-1,417.94

Movida Participacoes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-419.00	-551.56	-590.18	-328.56	-12.80

Movida Participacoes 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 R$-1,483 Mil.

Movida Participacoes (BSP:MOVI3) 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.

Movida Participacoes's Interest Expense for the three months ended in Dec. 2023 was R$-329 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$-201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$14,018 Mil.

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

Movida Participacoes did not have earnings to cover the interest expense.

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

Movida Participacoes (BSP:MOVI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » Interest Expense

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Address

Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.movida.com.br/

Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

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