Evertec (Evertec) Interest Expense : $-46.6 Mil (TTM As of Mar. 2024)

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What is Evertec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Evertec's interest expense for the three months ended in Mar. 2024 was $ -19.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-46.6 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. Evertec's Operating Income for the three months ended in Mar. 2024 was $ 32.8 Mil. Evertec's Interest Expense for the three months ended in Mar. 2024 was $ -19.9 Mil. Evertec's Interest Coverage for the quarter that ended in Mar. 2024 was 1.65. 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.

Evertec Interest Expense Historical Data

The historical data trend for Evertec'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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Evertec Interest Expense Chart

Evertec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.81

-25.07

-22.81

-24.77

-32.32

Evertec 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															-5.64	-5.64	-5.71	-15.33	-19.94

Evertec 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 $-46.6 Mil.

Evertec (NYSE:EVTC) 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.

Evertec's Interest Expense for the three months ended in Mar. 2024 was $-19.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $32.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $950.4 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	32.803	/	-19.939
	=	1.65

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

Evertec (Evertec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Evertec Inc (NYSE:EVTC) » Definitions » Interest Expense

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EVTC:Mexico

Address

Cupey Center Building, Road 176, Kilometer 1.3, San Juan, PRI, 00926

Website

https://www.evertecinc.com

Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, and Business Solutions. The company serves a diversified customer base of financial institutions, merchants, corporations and government agencies with mission-critical technology solutions that enable them to issue, process and accept transactions securely. The company derives revenue based on transaction or discount fees or fees based on the number of accounts on file.

Executives

Diego Viglianco	officer: EVP & Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936
Paola Perez-surillo	officer: Senior Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Joaquin A. Castrillo-salgado	officer: Vice President of Finance	PO BOX 364527, SAN JUAN PR 00936-4527
Luis A Rodriguez-gonzalez	officer: General Counsel & Secretary	PO BOX 364527, SAN JUAN PR 00936-4527
Morgan M Schuessler	director, officer: President & CEO	PO BOX 364527, SAN JUAN PR 00936-4527
Popular Inc	10 percent owner	P.O. BOX 362708, SAN JUAN PR 00936-2708
Guillermo Rospigliosi	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Castillo Rodrigo Del	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Philip E. Steurer	officer: Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936-4527
Miguel Vizcarrondo	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Frank D. D'angelo	director	PO BOX 364527, SAN JUAN PR 00936-4527
Carlos J. Ramirez	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Ivan Pagan	director	PO BOX 364527, SAN JUAN PR 00936-4527