Pegasystems (Pegasystems) Interest Expense : $-7 Mil (TTM As of Mar. 2024)

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What is Pegasystems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pegasystems's interest expense for the three months ended in Mar. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-7 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. Pegasystems's Operating Income for the three months ended in Mar. 2024 was $ 12 Mil. Pegasystems's Interest Expense for the three months ended in Mar. 2024 was $ -2 Mil. Pegasystems's Interest Coverage for the quarter that ended in Mar. 2024 was 6.94. 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.

Pegasystems Interest Expense Historical Data

The historical data trend for Pegasystems'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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Pegasystems Interest Expense Chart

Pegasystems Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.21

-19.36

-7.96

-7.79

-6.88

Pegasystems 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															-1.92	-1.78	-1.53	-1.65	-1.75

Pegasystems 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 $-7 Mil.

Pegasystems (NAS:PEGA) 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.

Pegasystems's Interest Expense for the three months ended in Mar. 2024 was $-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $64 Mil.

Pegasystems'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	*	12.154	/	-1.752
	=	6.94

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

Pegasystems (Pegasystems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pegasystems Inc (NAS:PEGA) » Definitions » Interest Expense

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PEA:Germany

Address

One Main Street, Cambridge, MA, USA, 02142

Website

https://www.pega.com

Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process management. The company's key offering is the Pega Infinity platform, which combines business process management, or BPM, with customer relationship management, or CRM, applications. The company focuses on enterprise-size customers, specifically within the financial, insurance, and healthcare verticals.

Executives

Efstathios A Kouninis	officer: VP of Finance & CAO	26 GRANDVIEW DRIVE, DOVER NH 03820
Rifat Kerim Akgonul	officer: Chief Product Officer	ONE ROGERS STREET, CAMBRIDGE MA 02142
Leon Trefler	officer: SVP, Global Customer Success	1 MAIN STREET, CAMBRIDGE MA 02142
Kenneth Stillwell	officer: CFO, SVP	ONE ROGERS STREET, CAMBRDIGE MA 02142
Richard H Jones	director	C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIDGE MA 02142
John Gerard Higgins	officer: Chief, Client &Partner Success	C/O PEGASYSTEMS INC., 1 MAIN STREET, CAMBRIDGE MA 02142
Michael R Pyle	officer: Senior VP, Engineering	C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIGE MA 02142
Christopher Lafond	director	56 TOP GALLANT RD, STAMFORD CT 06904
Sharon T Rowlands	director	195 BROADWAY, NEW YORK NY 10007
Dianne Ledingham	director	ONE ROGERS STREET, CAMBRIDGE MA 02142
Larry Weber	director	C/O MIVA, INC., 5220 SUMMERLIN COMMONS BLVD., SUITE 500, FORT MYERS FL 33907
Douglas I Kra	officer: SVP, Global Customer Success	101 MAIN STREET, C/O PEGASYSTEMS INC., CAMBRIDGE MA 02142
Hayden Stafford	officer: President	ONE ROGERS STREET, CAMBRIDGE MA 02142
Peter Gyenes	director	50 WASHINGTON ST, WESBOROUGH MA 012581
Alan Trefler	10 percent owner, officer: C.E.O. & Chairman	C/O PEGASYSTEMS INC, 101 MAIN STREET, CAMBRIDGE MA 02142