CGI (GIB) Interest Expense : $-64 Mil (TTM As of Mar. 2024)

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What is CGI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CGI's interest expense for the three months ended in Mar. 2024 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-64 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. CGI's Operating Income for the three months ended in Mar. 2024 was $ 466 Mil. CGI's Interest Expense for the three months ended in Mar. 2024 was $ -15 Mil. CGI's Interest Coverage for the quarter that ended in Mar. 2024 was 30.44. 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.

CGI Interest Expense Historical Data

The historical data trend for CGI'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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CGI Interest Expense Chart

CGI Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-50.70

-83.57

-81.40

-65.08

-64.86

CGI Quarterly Data
	Jun19	Sep19	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															-16.13	-16.00	-16.40	-16.49	-15.30

CGI 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 $-64 Mil.

CGI (NYSE:GIB) 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.

CGI's Interest Expense for the three months ended in Mar. 2024 was $-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was $466 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,744 Mil.

CGI'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	*	465.89	/	-15.303
	=	30.44

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

CGI (GIB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CJ5A:Germany GIB.A:Canada

Address

1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4

Website

https://www.cgi.com

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.