Converge Technology Solutions (TSX:CTS) Interest Expense : C$-40 Mil (TTM As of Mar. 2024)

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What is Converge Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Converge Technology Solutions's interest expense for the three months ended in Mar. 2024 was C$ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-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. Converge Technology Solutions's Operating Income for the three months ended in Mar. 2024 was C$ 14 Mil. Converge Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was C$ -8 Mil. Converge Technology Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 1.71. 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 Technology Solutions Interest Expense Historical Data

The historical data trend for Converge 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 Technology Solutions Interest Expense Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.03

-19.67

-7.80

-19.86

-41.23

Converge Technology Solutions 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															-9.35	-10.65	-10.87	-10.36	-8.43

Converge 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 C$-40 Mil.

Converge Technology Solutions (TSX:CTS) 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 Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was C$-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$273 Mil.

Converge 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	*	14.394	/	-8.427
	=	1.71

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

Converge Technology Solutions (TSX:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (TSX:CTS) » Definitions » Interest Expense

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Traded in Other Exchanges

CTSDF:USA 0ZB:Germany

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Executives

Toni Rinow

Director