Converge Information And Communications Technology Solutions (PHS:CNVRG) Interest Expense : ₱-2,040 Mil (TTM As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Converge Information And Communications Technology Solutions's interest expense for the three months ended in Mar. 2024 was ₱ -494 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-2,040 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. Converge Information And Communications Technology Solutions's Operating Income for the three months ended in Mar. 2024 was ₱ 3,674 Mil. Converge Information And Communications Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was ₱ -494 Mil. Converge Information And Communications Technology Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 7.44. 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.

Converge Information And Communications Technology Solutions Interest Expense Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Interest Expense Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-275.05

-550.31

-485.52

-1,731.90

-2,078.83

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	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														-532.54	-559.11	-483.88	-503.30	-494.03

Converge Information And Communications Technology Solutions 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 ₱-2,040 Mil.

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was ₱-494 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱3,674 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱30,580 Mil.

Converge Information And Communications Technology Solutions'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	*	3674.097	/	-494.028
	=	7.44

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

Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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