Getaround (Getaround) Interest Expense : $-0.12 Mil (TTM As of Mar. 2024)

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What is Getaround Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Getaround's interest expense for the three months ended in Mar. 2024 was $ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.12 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. Getaround's Operating Income for the three months ended in Mar. 2024 was $ -24.58 Mil. Getaround's Interest Expense for the three months ended in Mar. 2024 was $ -0.10 Mil. Getaround 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.

Getaround Interest Expense Historical Data

The historical data trend for Getaround'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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Getaround Interest Expense Chart

Getaround Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.56

-7.37

-14.18

Getaround Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-	-	-	-0.03	-0.10

Getaround 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 $-0.12 Mil.

Getaround (NYSE:GETR) 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.

Getaround's Interest Expense for the three months ended in Mar. 2024 was $-0.10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-24.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $114.58 Mil.

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

Getaround did not have earnings to cover the interest expense.

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

Getaround (Getaround) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Getaround Inc (NYSE:GETR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Green Street, San Francisco, CA, USA, 94111

Website

https://www.getaround.com

Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys.

Executives

Kasra Sy Fahimi	officer: Chief Operating Officer	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Thomas W. Alderman	officer: Chief Financial Officer	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Samir M. Zaid	director, officer: CEO & Chairman of the Board	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Neil S Suslak	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Spencer D. Jackson	officer: General Counsel & Secretary	C/O OOMA, INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303
Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Sif Master Fund, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Opportunity Co-investment Fund, Lp	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Jeffrey Russakow	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Bruno Bowden	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Svf Fetch (cayman) Ltd	10 percent owner	C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Svf Sync Holdings (cayman) Ltd	10 percent owner	C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Mudrick Stressed Credit Master Fund, L.p.	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022