Global Payments (Global Payments) Interest Expense

: $-660 Mil (TTM As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Payments's interest expense for the three months ended in Dec. 2023 was $ -170 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-660 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. Global Payments's Operating Income for the three months ended in Dec. 2023 was $ 496 Mil. Global Payments's Interest Expense for the three months ended in Dec. 2023 was $ -170 Mil. Global Payments's Interest Coverage for the quarter that ended in Dec. 2023 was 2.93. 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.

Global Payments Interest Expense Historical Data

The historical data trend for Global Payments'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.

Global Payments Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-304.91

-343.55

-333.65

-449.43

-660.15

Global Payments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-121.78	-122.95	-191.42	-176.09	-169.69

Global Payments 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 $-660 Mil.

Global Payments (NYSE:GPN) 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.

Global Payments's Interest Expense for the three months ended in Dec. 2023 was $-170 Mil. Its Operating Income for the three months ended in Dec. 2023 was $496 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $15,692 Mil.

Global Payments'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	*	496.365	/	-169.687
	=	2.93

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

Global Payments (Global Payments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Payments Inc (NYSE:GPN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GPN:Mexico GLO:Germany

Address

3550 Lenox Road, Atlanta, GA, USA, 30326

Website

https://www.globalpaymentsinc.com

Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.

Executives

M Troy Woods	director	ONE TSYS WAY, COLUMBUS GA 31901
Baldwin Robert H B Jr	director	C/O HEARTLAND PAYMENT SYSTEMS, INC., 90 NASSAU STREET, PRINCETON NJ 08542
David M Sheffield	officer: Chief Accounting Officer	10 GLENLAKE PARKWAY, NORTH TOWER, ATLANTA GA 30328
David Lawrence Green	officer: EVP and General Counsel	1431 FAIRVIEW ROAD NE, ATLANTA GA 30306
Kirsten Marie Kliphouse	director	531 SOUTH SPRING STREET, BURLINGTON NC 27215
Joshua J Whipple	officer: Senior Executive VP and CFO	3550 LENOX ROAD NE, ATLANTA GA 30326
Guido Francesco Sacchi	officer: EVP and CIO	533 ORME CIRCLE NE, ATLANTA GA 30306
Andrea M Carter	officer: Senior Executive VP and CHRO	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Jeffrey Steven Sloan	director, officer: CEO	5048 NORTHSIDE DRIVE, ATLANTA GA 30327
John G Bruno	director
Sla Ii Galaxy Gp, L.l.c.	director	C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Sla Ii Galaxy Holdings, L.p.	director	C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp Galaxy Co-invest, L.p.	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Sla Ii Galaxy Aggregator, L.p.	director	C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Group, L.l.c.	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025