Digi International (Digi International) Interest Expense : $-24.9 Mil (TTM As of Dec. 2023)

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What is Digi International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Digi International's interest expense for the three months ended in Dec. 2023 was $ -5.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-24.9 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. Digi International's Operating Income for the three months ended in Dec. 2023 was $ 12.1 Mil. Digi International's Interest Expense for the three months ended in Dec. 2023 was $ -5.7 Mil. Digi International's Interest Coverage for the quarter that ended in Dec. 2023 was 2.14. 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.

Digi International Interest Expense Historical Data

The historical data trend for Digi International'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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Digi International Interest Expense Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.10

-3.59

-1.39

-19.69

-25.24

Digi International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.97	-6.39	-6.60	-6.27	-5.66

Digi International 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 $-24.9 Mil.

Digi International (NAS:DGII) 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.

Digi International's Interest Expense for the three months ended in Dec. 2023 was $-5.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $208.0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.133	/	-5.661
	=	2.14

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

Digi International (Digi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (NAS:DGII) » Definitions » Interest Expense

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Traded in Other Exchanges

DGI:Germany DGI:Germany

Address

9350 Excelsior Boulevard, Suite 700, Hopkins, MN, USA, 55343

Website

https://www.digi.com

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.

Executives

Terrence G. Schneider	officer: VP, Supply Chain	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
David H. Sampsell	officer: VP, Corp. Dev, GC & Corp. Sec.	9350 EXCELSIOR BLVD, HOPKINS MN 55343
James J. Loch	officer: Chief Financial Officer	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Ronald Konezny	director, officer: President and CEO	C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Radha Chavali	officer: VP, Technology Services	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Tracy L. Roberts	officer: VP, Technology Services	9350 EXCELSIOR BLVD, HOPKINS MN 55343
Kevin C. Riley	officer: President, Digi SmartSense	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Michael A. Ueland	officer: President of Products	216 BRIDLE CREEK DRIVE, CARY NC 27513
Jon A. Nyland	officer: VP, Manufacturing Operations	11001 BREN ROAD EAST, MINNETONKA MN 55343
Brian G. Ballenger	officer: VP Fin, Acting PFO & PAO	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Hatem H. Naguib	director	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Ahmed Nawaz	director	1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Gokul V Hemmady	officer: Senior VP/CFO/Treasurer	P.O. BOX 1101, MS067, MINNEAPOLIS MN 55440-1101
Sally J Smith	director	5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Christopher Heim	director	C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343