Grindr (Grindr) Interest Expense : $-42.4 Mil (TTM As of Mar. 2024)

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What is Grindr Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grindr's interest expense for the three months ended in Mar. 2024 was $ -7.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-42.4 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. Grindr's Operating Income for the three months ended in Mar. 2024 was $ 19.3 Mil. Grindr's Interest Expense for the three months ended in Mar. 2024 was $ -7.2 Mil. Grindr's Interest Coverage for the quarter that ended in Mar. 2024 was 2.68. 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.

Grindr Interest Expense Historical Data

The historical data trend for Grindr'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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Grindr Interest Expense Chart

Grindr Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-18.70

-31.54

-46.01

Grindr Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-10.79	-12.92	-11.99	-10.31	-7.19

Grindr 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 $-42.4 Mil.

Grindr (NYSE:GRND) 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.

Grindr's Interest Expense for the three months ended in Mar. 2024 was $-7.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $19.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $301.9 Mil.

Grindr'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	*	19.256	/	-7.185
	=	2.68

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

Grindr (Grindr) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 N. San Vincente Boulevard, Suite RE 1400, PO Box 69176750, West Hollywood, CA, USA, 90069

Website

https://www.grindr.com

Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Executives

George Arison	director, officer: Chief Executive Officer	3727 LA DONNA AVENUE, PALO ALTO CA 94306
Zage George Raymond Iii	director, 10 percent owner	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Kye Chen	officer: Chief Accounting Officer	C/O GRINDR INC., 750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD CA 90069
Carman Wong	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Maggie Lower	director	5822 NORTH WINTHROP AVENUE, CHICAGO IL 60660
Gary I. Horowitz	director	350 WEST 23RD STREET, APT 6A, NEW YORK NY 10011
Daniel Brooks Baer	director	1443 Q STREET NW, WASHINGTON DC 20009
Meghan Stabler	director	4502 HARVEY PENICK DR, ROUND ROCK TX 78664
Austin J Balance	officer: Chief Product Officer	750 N SAN VICENTE BLVD STE RE1400, WEST HOLLYWOOD CA 90069
Lu James Fu Bin	director, 10 percent owner	C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Ashish Gupta	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Gearon J Michael Jr	director, 10 percent owner	3350 RIVERWOOD PARKWAY, SUITE 425, ATLANTA GA 30339
Ben Falloon	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Vandana Mehta-krantz	officer: Chief Financial Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
David Christopher Ryan	other: Former Director of Grindr Inc.	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401