Corpay (Corpay) Interest Expense

: $-349 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corpay's interest expense for the three months ended in Dec. 2023 was $ -92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-349 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. Corpay's Operating Income for the three months ended in Dec. 2023 was $ 424 Mil. Corpay's Interest Expense for the three months ended in Dec. 2023 was $ -92 Mil. Corpay's Interest Coverage for the quarter that ended in Dec. 2023 was 4.61. 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.

Corpay Interest Expense Historical Data

The historical data trend for Corpay'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.

* Premium members only.

Corpay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-150.05

-129.80

-113.71

-164.66

-348.61

Corpay Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-74.15	-79.80	-88.49	-88.29	-92.04

Corpay 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 $-349 Mil.

Corpay (NYSE:CPAY) 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.

Corpay's Interest Expense for the three months ended in Dec. 2023 was $-92 Mil. Its Operating Income for the three months ended in Dec. 2023 was $424 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,596 Mil.

Corpay'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	*	424.051	/	-92.041
	=	4.61

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

Corpay (Corpay) Business Description

Industry

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

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Traded in Other Exchanges

FLT:Mexico

Address

3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305

Website

https://www.fleetcor.com

Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.

Executives

Gerald C Throop	director	C/O CERIDIAN HCM HOLDING INC., 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN 55425
Thomas E Panther	officer: Chief Financial Officer	10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30328
Rahul Gupta	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Annabelle G Bexiga	director	1075 JORDAN CREEK PARKWAY, SUITE 300, WEST DES MOINES IA 50266
Alan King	officer: President UK and Aust/NewZea	5445 TRIANGLE PARKWAY, NORCROSS GA 30092
Eric Dey	officer: CFO & Secretary	655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092
Jones Archie L Jr.	director	3280 PEACHTREE ROAD, ATLANTA GA 30305
Alissa B Vickery	officer: Chief Accounting Officer	3280 PEACHTREE ROAD, SUITE 2400, ATLANTA GA 30305
Alexey Gavrilenya	officer: President East/Central Europe	5445 TRIANGLE PARKWAY, NORCROSS GA 30092
David J Krantz	officer: Group President, NA Fuel	5445 TRIANGLE PARKWAY, SUITE 400, PEACHTREE CORNERS 2Q 30092
Hala G Moddelmog	director
Jeffrey Steven Sloan	director	5048 NORTHSIDE DRIVE, ATLANTA GA 30327
John Coughlin	officer: Exec VP, Corp Development	655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092
Armando Lins Netto	officer: CEO Brazil	5455 TRIANGLE PARKWAY, NORCROSS GA 30092
Richard Macchia	director	C/O INTERNET SECURITY SYSTEMS INC, 6303 BARFIELD RD, ATLANTA GA 30328