Kelly Services (Kelly Services) Interest Expense

: $-3 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kelly Services's interest expense for the three months ended in Dec. 2023 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3 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. Kelly Services's Operating Income for the three months ended in Dec. 2023 was $ 7 Mil. Kelly Services's Interest Expense for the three months ended in Dec. 2023 was $ -1 Mil. Kelly Services's Interest Coverage for the quarter that ended in Dec. 2023 was 9.13. 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.

Kelly Services Interest Expense Historical Data

The historical data trend for Kelly Services'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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Kelly Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.20

-3.00

-2.50

-2.10

-3.20

Kelly Services 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															-0.50	-0.80	-0.60	-1.00	-0.80

Kelly Services 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 $-3 Mil.

Kelly Services (NAS:KELYA) 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.

Kelly Services's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $43 Mil.

Kelly Services'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	*	7.3	/	-0.8
	=	9.13

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

Kelly Services (Kelly Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Services Inc (NAS:KELYA) » Definitions » Interest Expense

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Traded in Other Exchanges

KELYB:USA

Address

999 West Big Beaver Road, Troy, MI, USA, 48084

Website

https://www.kellyservices.com

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. OCG segment delivers talent solutions including managed service provider, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. Majority of revenue is derived from Professional & Industrial.

Executives

Tammy L Browning	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Timothy L Dupree	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Daniel H Malan	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Olivier Thirot	officer: Senior Vice President	999 WEST BIG BEAVER ROAD, TROY MI 48084
Donald R Parfet	director	C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Darren Simons	officer: SVP and Chief Digital Officer	999 W. BIG BEAVER ROAD, TROY MI 48084-4716
Amala Duggirala	director	PO BOX 10247, BIRMINGHAM AL 35202-0247
Inamarie Johnson	director	1019 MARKET STREET, SAN FRANCISCO CA 94103
Terrence B Larkin	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jane E Dutton	director	701 TAPPAN STREET, ANN ARBOR MI 49101-1234
James H Bradley	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Vanessa Peterson Williams	officer: General Counsel	999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Leslie A Murphy	director	4811 S CHIPPING GLEN, BLOOMFIELD HILLS MI 48302
George S Corona	officer: Executive Vice President	2653 TOWER HILL, ROCHESTER HILLS MI 48306
James Polehna	officer: VP and Corporate Secretary	999 WEST BIG BEAVER ROAD, TROY MI 48084