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NICE (BSP:N1IC34) Interest Expense : R$-40 Mil (TTM As of Mar. 2024)


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What is NICE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NICE's interest expense for the three months ended in Mar. 2024 was R$ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-40 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. NICE's Operating Income for the three months ended in Mar. 2024 was R$ 605 Mil. NICE's Interest Expense for the three months ended in Mar. 2024 was R$ 0 Mil. GuruFocus does not calculate NICE's interest coverage with the available data. 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.

NICE Interest Expense Historical Data

The historical data trend for NICE'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.

* Premium members only.

NICE Interest Expense Chart

NICE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77.31 -89.61 -89.17 -19.48 -18.13

NICE 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -39.83 -

NICE 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 R$-40 Mil.

* 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.

NICE  (BSP:N1IC34) Interest Expense 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NICE's Interest Expense for the three months ended in Mar. 2024 was R$0 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$605 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$2,775 Mil.

NICE's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate NICE's interest coverage with the available data.

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NICE Ltd has enough cash to cover all of its debt. Its financial situation is stable.

NICE (BSP:N1IC34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (BSP:N1IC34) » Definitions » Interest Expense
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Address
13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602
Website
https://www.nice.com
Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.

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