Ixia (XXIA) Interest Expense : $-2.1 Mil (TTM As of Dec. 2016)

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What is Ixia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ixia's interest expense for the three months ended in Dec. 2016 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2016 was $-2.1 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. Ixia's Operating Income for the three months ended in Dec. 2016 was $ 7.5 Mil. Ixia's Interest Expense for the three months ended in Dec. 2016 was $ -0.5 Mil. Ixia's Interest Coverage for the quarter that ended in Dec. 2016 was 15.93. 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.

Ixia Interest Expense Historical Data

The historical data trend for Ixia'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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Ixia Interest Expense Chart

Ixia Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Interest Expense

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-7.22

-7.77

-8.29

-8.70

-1.93

Ixia Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Interest Expense	Get a 7-Day Free Trial															-1.26	-0.51	-0.60	-0.47	-0.47

Ixia 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.1 Mil.

Ixia (NAS:XXIA) 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.

Ixia's Interest Expense for the three months ended in Dec. 2016 was $-0.5 Mil. Its Operating Income for the three months ended in Dec. 2016 was $7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2016 was $28.5 Mil.

Ixia's Interest Coverage for the quarter that ended in Dec. 2016 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2016 )	/	Interest Expense (Q: Dec. 2016 )
	=	-1	*	7.535	/	-0.473
	=	15.93

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

Ixia (XXIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ixia (NAS:XXIA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.ixiacom.com

Ixia was founded in 1997 and is headquartered in Calabasas, California. The Company provides application performance and security resilience network test and network visibility solutions that validate, secure, and optimize businesses' physical and virtual networks. The Company has operations in EMEA and Asia Pacific region. It offers an always-on user experience through fast, secure delivery of dynamic, connected technologies and services. The Company uses direct sales force to market and sell its products and solutions and has number of ongoing programs to support the sale and distribution of products and solutions and to inform existing and potential customers, partners and distributors about the capabilities and benefits of systems. The Company serves network equipment manufacturers, service providers, enterprises and government agencies. The Company competes with network test and monitoring solution vendors such as Spirent Communications, Gigamon, Danaher, Aeroflex, JDS Uniphase, and NetScout.

Executives

Bethany Mayer	director, officer: President and CEO	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Gail Hamilton	director	20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ilan Daskal	director	1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Brent T Novak	officer: Chief Financial Officer	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Jonathan Fram	director	NONE, SEATTLE WA 98101
Graaf Raymond De	officer: Sr. Vice President, Operations	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Thomas B Miller	officer: Chief Financial Officer	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Pictet Overseas Trust Corp Ltd	10 percent owner	BAYSIDE EXECUTIVE PARK, BUILDING NO. 1, WEST BAY STREET AND BLAKE ROAD, NASSAU C5 0000000000
Atul Bhatnagar	director, officer: President and CEO	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302