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Localiza Rent A Car (BSP:RENT3) Interest Expense : R$-4,638 Mil (TTM As of Mar. 2024)


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What is Localiza Rent A Car Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Localiza Rent A Car's interest expense for the three months ended in Mar. 2024 was R$ -985 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-4,638 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. Localiza Rent A Car's Operating Income for the three months ended in Mar. 2024 was R$ 1,851 Mil. Localiza Rent A Car's Interest Expense for the three months ended in Mar. 2024 was R$ -985 Mil. Localiza Rent A Car's Interest Coverage for the quarter that ended in Mar. 2024 was 1.88. 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.

Localiza Rent A Car Interest Expense Historical Data

The historical data trend for Localiza Rent A Car'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.

* Premium members only.

Localiza Rent A Car Interest Expense Chart

Localiza Rent A Car Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -629.97 -514.50 -698.73 -3,054.83 -5,249.19

Localiza Rent A Car 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,069.90 -1,097.30 -1,289.15 -1,267.14 -984.60

Localiza Rent A Car 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 R$-4,638 Mil.

* 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.

Localiza Rent A Car  (BSP:RENT3) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Localiza Rent A Car's Interest Expense for the three months ended in Mar. 2024 was R$-985 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,851 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$35,646 Mil.

Localiza Rent A Car's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1851/-984.6
=1.88

* 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.

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

Localiza Rent A Car (BSP:RENT3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (BSP:RENT3) » Definitions » Interest Expense
Comparable Companies
BSP:VAMO3 BSP:ARML3 BSP:MOVI3 BSP:MILS3 URI LSE:AHT AER UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 HKSE:02588 R AL FTAI GATX XTER:SIX2 HRI
Traded in Other Exchanges
LZRFY:USA
Address
Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900
Website
https://www.localiza.com
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (BSP:RENT3) Headlines

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