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Seagate Technology PLC (NAS:STX)
Interest Expense
$-195 Mil (TTM As of Jun. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seagate Technology PLC's interest expense for the three months ended in Jun. 2014 was $-50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was $-195 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. Seagate Technology PLC's Operating Income for the three months ended in Jun. 2014 was $410 Mil. Seagate Technology PLC's Interest Expense for the three months ended in Jun. 2014 was $-50 Mil. Seagate Technology PLC's interest coverage for the quarter that ended in Jun. 2014 was 8.20. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Seagate Technology PLC Interest Expense for the trailing twelve months (TTM) ended in Jun. 2014 was -44 (Sep. 2013 ) + -49 (Dec. 2013 ) + -52 (Mar. 2014 ) + -50 (Jun. 2014 ) = $-195 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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. The higher, the better.

Seagate Technology PLC's interest expense for the three months ended in Jun. 2014 was $-50 Mil. Its operating income for the three months ended in Jun. 2014 was $410 Mil. And its Long-Term Debt for the three months ended in Jun. 2014 was $3,920 Mil.

Seagate Technology PLC's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Jun. 2014 )/Interest Expense (Q: Jun. 2014 )
=-1*410/-50
=8.20

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Seagate Technology PLC Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Interest Expense -48-41-141-126-134-174-214-241-214-195

Seagate Technology PLC Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Interest Expense -59-56-55-53-53-51-44-49-52-50
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