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Western Digital Corporation (NAS:WDC)
Interest Expense
$-53 Mil (TTM As of Dec. 2013)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Western Digital Corporation's interest expense for the three months ended in Dec. 2013 was $-14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was $-53 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. Western Digital Corporation's Operating Income for the three months ended in Dec. 2013 was $478 Mil. Western Digital Corporation's Interest Expense for the three months ended in Dec. 2013 was $-14 Mil. Western Digital Corporation's interest coverage for the quarter that ended in Dec. 2013 was 34.14. 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.

Western Digital Corporation Interest Expense for the trailing twelve months (TTM) ended in Dec. 2013 was -14 (Mar. 2013 ) + -12 (Jun. 2013 ) + -13 (Sep. 2013 ) + -14 (Dec. 2013 ) = $-53 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.

Western Digital Corporation's interest expense for the three months ended in Dec. 2013 was $-14 Mil. Its operating income for the three months ended in Dec. 2013 was $478 Mil. And its Long-Term Debt for the three months ended in Dec. 2013 was $1,610 Mil.

Western Digital Corporation's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Interest Coverage=-1*Operating Income (Q: Dec. 2013 )/Interest Expense (Q: Dec. 2013 )
=-1*478/-14
=34.14

* 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.

Western Digital Corporation Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
Interest Expense -2-3-4-4-52-27-9-10-26-55

Western Digital Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Interest Expense -4-5-7-9-16-13-14-12-13-14
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