Tyler Technologies (Tyler Technologies) Interest Expense : $-24 Mil (TTM As of Dec. 2023)

View and export this data going back to 1969. Start your Free Trial

What is Tyler Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tyler Technologies's interest expense for the three months ended in Dec. 2023 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-24 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. Tyler Technologies's Operating Income for the three months ended in Dec. 2023 was $ 48 Mil. Tyler Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -4 Mil. Tyler Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 12.73. 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.

Tyler Technologies Interest Expense Historical Data

The historical data trend for Tyler Technologies'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.

Tyler Technologies Interest Expense Chart

Tyler Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-2.03

-1.01

-23.30

-28.38

-23.63

Tyler Technologies 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															-8.10	-7.68	-6.39	-5.81	-3.75

Tyler Technologies 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 Mil.

Tyler Technologies (NYSE:TYL) 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.

Tyler Technologies's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $636 Mil.

Tyler Technologies'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	*	47.748	/	-3.75
	=	12.73

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

Tyler Technologies (Tyler Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tyler Technologies Inc (NYSE:TYL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TYL:Mexico TYP:Germany

Address

5101 Tennyson Parkway, Plano, TX, USA, 75024

Website

https://www.tylertech.com

Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.

Executives

Brian K Miller	officer: Vice President Finance	5101 TENNYSON PARKWAY, PLANO TX 75024
Marr John S Jr	officer: Chief Operating Officer	370 US ROUTE 1, PALMOUTH ME 04105
Dustin R Womble	officer: Executive VP	5101 TENNYSON PARKWAY, PLANO TX 75024
Daniel M Pope	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Moore H Lynn Jr	officer: VP and General Counsel	5101 TENNYSON PARKWAY, PLANO TX 75024
Glenn A Carter	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Jeffrey David Puckett	officer: Chief Operating Officer	5101 TENNYSON PARKWAY, PLANO TX 75024
Luther Jr King	director	5949 SHERRY LANE, SUITE 1400, DALLAS TX 75225
Hawkins Ronnie D. Jr.	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Donald R Brattain	director
Brenda A Cline	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Mary L. Landrieu	director	100 CENTURYLINK DRIVE, MONROE LA 71203
Larry D Leinweber	director	NEW WORLD SYSTEMS, INC, 888 WEST BIG BEAVER, SUITE 600, TROY MI 48084
John M Yeaman	director, officer: Chairman	5101 TENNYSON PARKWAY, PLANO TX 75024
Bruce Graham	officer: Executive Vice President	5101 TENNYSON PARKWAY, PLANO TX 75024