8x8 (EGHT) Interest Expense : $-41.2 Mil (TTM As of Dec. 2023)

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What is 8x8 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 8x8's interest expense for the three months ended in Dec. 2023 was $ -10.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-41.2 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. 8x8's Operating Income for the three months ended in Dec. 2023 was $ 1.6 Mil. 8x8's Interest Expense for the three months ended in Dec. 2023 was $ -10.0 Mil. 8x8's Interest Coverage for the quarter that ended in Dec. 2023 was 0.16. 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.

8x8 Interest Expense Historical Data

The historical data trend for 8x8'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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8x8 Interest Expense Chart

8x8 Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

Mar21

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Mar23

Interest Expense

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-18.71

-22.68

-27.27

8x8 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.74	-11.02	-10.08	-10.06	-10.04

8x8 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.2 Mil.

8x8 (NAS:EGHT) 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.

8x8's Interest Expense for the three months ended in Dec. 2023 was $-10.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $468.1 Mil.

8x8's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.643	/	-10.035
	=	0.16

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

8x8 (EGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8x8 Inc (NAS:EGHT) » Definitions » Interest Expense

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EGT:Germany EGT:Germany

Address

675 Creekside Way, Campbell, CA, USA, 95008

Website

https://www.8x8.com

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States.

Executives

Kevin Kraus	officer: Interim Chief Financial Off.	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Suzy M Seandel	officer: Chief Accounting Officer	C/O 8X8 INC. 675 CREEKSIDE WAY, CAMPBELL CA 95008
Samuel C. Wilson	officer: Chief Financial Officer	C/O 8X8 INC, 675 CREEKSIDE WAY, CAMPBELL CA 95008
Laurence Denny	officer: Chief Legal Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Hunter Middleton	officer: Chief Product Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Elizabeth Harriet Theophille	director	26 FURFELDERSTRASSE, RIEHEN V8 4125
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Eric Salzman	director	C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Matthew Zinn	officer: SVP-GC,Secretary and CPO	2160 GOLD STREET, ALVISO CA 95002
David Sipes	officer: Chief Executive Officer	1400 FASHION ISLAND BLVD.,, SUITE 7TH FLOOR, SAN MATEO CA 94404
Stephanie Garcia	officer: Chief Human Resources Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Dejan Deklich	officer: Chief Product Officer	2125 O'NEL DR., SAN JOSE CA 95131
Germaine Cota	officer: Chief Accting Off./Treasurer	675 CREEKSIDE DRIVE, CAMPBELL CA 95008
Bryan R Martin	director, officer: Chief Executive Officer	C/O 8X8 INC, 3151 JAY STREET, SANTA CLARA CA 95054