Porch Group (Porch Group) Interest Expense : $-40.4 Mil (TTM As of Mar. 2024)

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What is Porch Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Porch Group's interest expense for the three months ended in Mar. 2024 was $ -10.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-40.4 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. Porch Group's Operating Income for the three months ended in Mar. 2024 was $ -34.7 Mil. Porch Group's Interest Expense for the three months ended in Mar. 2024 was $ -10.8 Mil. Porch Group 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.

Porch Group Interest Expense Historical Data

The historical data trend for Porch Group'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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Porch Group Interest Expense Chart

Porch Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-7.13

-14.73

-5.76

-8.72

-31.83

Porch Group Quarterly Data
	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													-2.19	-8.78	-10.27	-10.60	-10.79

Porch Group 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 $-40.4 Mil.

Porch Group (NAS:PRCH) 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.

Porch Group's Interest Expense for the three months ended in Mar. 2024 was $-10.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-34.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $432.1 Mil.

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

Porch Group did not have earnings to cover the interest expense.

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

Porch Group (Porch Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Porch Group Inc (NAS:PRCH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

32RD:Germany

Address

411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104

Website

https://porch.com

Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.

Executives

Camilla Velasquez	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Rachel Lam	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
Matt Ehrlichman	director, 10 percent owner, officer: CEO, Chairman and Founder	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Sean Davis Kell	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Matthew Neagle	officer: Chief Operating Officer	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Shawn Tabak	officer: Chief Financial Officer	23 BERENS DRIVE, KENTFIELD CA 94904
Amanda L Reierson	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Martin L. Heimbigner	officer: Chief Financial Officer	110 - 110TH AVE., NE, SUITE 300, BELLEVUE WA 98004
Asha Sharma	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Maurice Tulloch	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Thomas D Hennessy	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Regi Vengalil	director	411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Javier Saade	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Alan R Pickerill	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104