CBIZ (CBZ) Interest Expense

: $-20 Mil (TTM As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CBIZ's interest expense for the three months ended in Dec. 2023 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-20 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. CBIZ's Operating Income for the three months ended in Dec. 2023 was $ -27 Mil. CBIZ's Interest Expense for the three months ended in Dec. 2023 was $ -5 Mil. CBIZ 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.

CBIZ Interest Expense Historical Data

The historical data trend for CBIZ'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.

CBIZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-5.77

-4.98

-3.87

-8.04

-20.13

CBIZ Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-2.83	-3.64	-5.53	-5.85	-5.11

CBIZ 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 $-20 Mil.

CBIZ (NYSE:CBZ) 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.

CBIZ's Interest Expense for the three months ended in Dec. 2023 was $-5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $515 Mil.

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

CBIZ did not have earnings to cover the interest expense.

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

CBIZ (CBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CBIZ Inc (NYSE:CBZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

XC4:Germany

Address

6801 Brecksville Road, Door N., Independence, OH, USA, 44131

Website

https://www.cbiz.com

CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.

Executives

Ware H Grove	officer: C.F.O.	6480 ROCKSIDE WOODS BLVD SOUTH, SUITE 330, CLEVELAND OH 44131
Benaree Pratt Wiley	director	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino	director
Chris Spurio	officer: President, Financial Services
Michael P Kouzelos	officer: President, Employee Services	6050 OAK TREE BLVD SUITE 500, CLEVELAND OH 44131
Rodney A Young	director	350 OAK GROVE PARKWAY, SAINT PAUL MN 55127
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jerome P Grisko	director, officer: President and COO
Todd J Slotkin	director	35 EAST 62ND STREET, NEW YORK NY 10021
Richard T Marabito	director	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
A Haag Sherman	director	600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002
Donald V Weir	director	SANDERS MORRIS HARRIS, 600 TRAVIS, HOUSTON TX 77002
Gina D France	director	III CASCADE PLAZA, AKRON OH 44308
Michael H Degroote	director	1111 INTERNATIONAL BLVD., BURLINGTON A6 L7L 6W1