Zix (ZIXI) Interest Expense : $-8.6 Mil (TTM As of Sep. 2021)

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What is Zix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zix's interest expense for the three months ended in Sep. 2021 was $ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-8.6 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. Zix's Operating Income for the three months ended in Sep. 2021 was $ -0.3 Mil. Zix's Interest Expense for the three months ended in Sep. 2021 was $ -2.2 Mil. Zix did not have earnings to cover the interest expense. 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.

Zix Interest Expense Historical Data

The historical data trend for Zix'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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Zix Interest Expense Chart

Zix Annual Data

Trend

Dec11

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Dec20

Interest Expense

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-0.03

-10.11

-9.33

Zix Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-2.04	-2.14	-2.13	-2.19	-2.20

Zix 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.6 Mil.

Zix (NAS:ZIXI) 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.

Zix's Interest Expense for the three months ended in Sep. 2021 was $-2.2 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $215.2 Mil.

Zix's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Zix did not have earnings to cover the interest expense.

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

Zix (ZIXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zix Corp (NAS:ZIXI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2711 North Haskell Avenue, Suite 2200, LB 36, Dallas, TX, USA, 75204-2960

Website

https://www.zix.com

Zix Corp is a provider of security software for organizations in the healthcare, financial services, insurance, and government sectors. Its services include email encryption, data loss prevention, and bring- your-own-device security to meet data protection and compliance needs. The firm's flagship Zix Email Encryption enables transparent encrypted email delivery through its patented Best Method of Delivery, a secure and convenient method for the recipient, and Zix Gateway, which encrypts and decrypts sensitive messages. The company derives revenue from subscription fees on a one- to three-year basis. The vast majority of the firm's revenue is generated in the United States.

Executives

Taher Elgamal	director	245 SELBY LANE ATHERTON CA 94027
Di Leo John P.	officer: Chief Revenue Officer	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
David E Rockvam	officer: CFO	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
Richard Spurr	director	6038 AZALEA LANE DALLAS TX 75230
Noah F Webster	officer: VP, General Counsel	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Maryclaire Campbell	director	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
David Wagner	director, officer: President, CEO	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Dave Robertson	officer: Vice President	2711 N HASKELL AVE STE 2300 LB 36 DALLAS TX 75204
Kelly P Haggerty	officer: Vice President	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
Maribess L Miller	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Robert C Hausmann	director	6586 INGLESIDE COURT SAN JOSE CA 95120
Mark J Bonney	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
True Wind Capital Gp, Llc	director, 10 percent owner	FOUR EMBARCADERO CENTER, SUITE 2350, SAN FRANCISCO CA 94111
Zephyr Holdco, Llc	director, 10 percent owner	C/O TRUE WIND CAPITAL FOUR EMBARCADERO CENTER SUITE 2350 SAN FRANCISCO CA 94111
Greene James H Jr	director, 10 percent owner	C/O KKR, 9 W 57TH ST, NEW YORK NY 10019