Dayforce (FRA:CQL) Interest Expense : €-37 Mil (TTM As of Mar. 2024)

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What is Dayforce Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dayforce's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-37 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. Dayforce's Operating Income for the three months ended in Mar. 2024 was € 37 Mil. Dayforce's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. Dayforce's Interest Coverage for the quarter that ended in Mar. 2024 was 3.06. 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.

Dayforce Interest Expense Historical Data

The historical data trend for Dayforce'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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Dayforce Interest Expense Chart

Dayforce Annual Data

Trend

Dec15

Dec16

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Dec18

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Dec23

Interest Expense

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-29.16

-20.63

-31.77

-27.00

-33.10

Dayforce 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															-8.59	-8.40	-8.34	-8.16	-12.24

Dayforce 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 €-37 Mil.

Dayforce (FRA:CQL) 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.

Dayforce's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was €37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,129 Mil.

Dayforce'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	*	37.444	/	-12.236
	=	3.06

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

Dayforce (FRA:CQL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Dayforce Inc (FRA:CQL) » Definitions » Interest Expense

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Address

3311 East Old Shakopee Road, Minneapolis, MN, USA, 55425

Website

https://www.ceridian.com

Ceridian HCM provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Ceridian pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.

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