Equinix (Equinix) Interest Expense : $-402 Mil (TTM As of Dec. 2023)

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What is Equinix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equinix's interest expense for the three months ended in Dec. 2023 was $ -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-402 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. Equinix's Operating Income for the three months ended in Dec. 2023 was $ 352 Mil. Equinix's Interest Expense for the three months ended in Dec. 2023 was $ -103 Mil. Equinix's Interest Coverage for the quarter that ended in Dec. 2023 was 3.41. 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.

Equinix Interest Expense Historical Data

The historical data trend for Equinix'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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Equinix Interest Expense Chart

Equinix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-479.68

-406.47

-336.08

-356.34

-402.02

Equinix 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															-94.20	-97.48	-99.97	-101.39	-103.18

Equinix 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 $-402 Mil.

Equinix (NAS:EQIX) 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.

Equinix's Interest Expense for the three months ended in Dec. 2023 was $-103 Mil. Its Operating Income for the three months ended in Dec. 2023 was $352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $16,179 Mil.

Equinix'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	*	352.261	/	-103.183
	=	3.41

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

Equinix (Equinix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equinix Inc (NAS:EQIX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

EQN2:Germany EQIX34:Brazil

Address

One Lagoon Drive, Redwood City, CA, USA, 94065

Website

https://www.equinix.com

Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

Executives

Charles J Meyers	officer: CEO and President	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Scott Crenshaw	officer: EVP, GM Digital Services	ONE FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78133
Keith D Taylor	officer: VP Finance, CAO	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Brandi Galvin	officer: General Counsel	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Michael Earl Campbell	officer: Chief Sales Officer	1 LAGOON DRIVE, REDWOOD CITY CA 94065
Jonathan Lin	officer: EVP, GM, Data Center Services	C/O EQUINIX, INC., ONE LAGOON DRIVE, REDWOOD CITY CA 94065
Camp Peter Van	director, officer: Chief Executive Officer	C/O PACKETEER INC, 10201 N DEANZA BLVD, CUPERTINO CA 95014
Gary Hromadko	director, 10 percent owner, other: Affiliate of Director	301 VELOCITY WAY 5TH FLOOR, FOSTER CITY CA 94404
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Simon Miller	officer: Chief Accounting Officer	1 LAGOON DR, REDWOOD CITY CA 94065
Fidelma Russo	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Karl Strohmeyer	officer: Chief Customer & Rev Officer	ONE LAGOON DRIVE, 4TH FLOOR, REDWOOD CITY CA 94065
Thomas S Olinger	director	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Jeetendra I Patel	director	200 E. RANDOLPH DRIVE, CHICAGO IL 60601
Ron Guerrier	director	C/O EXPRESS SCRIPTS HOLDING COMPANY, ONE EXPRESS WAY, ST. LOUIS MO 63121