Veeva Systems (FRA:VEE) Interest Expense : €0 Mil (TTM As of Jan. 2024)

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What is Veeva Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veeva Systems's interest expense for the three months ended in Jan. 2024 was € 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €0 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. Veeva Systems's Operating Income for the three months ended in Jan. 2024 was € 124 Mil. Veeva Systems's Interest Expense for the three months ended in Jan. 2024 was € 0 Mil. GuruFocus does not calculate Veeva Systems's interest coverage with the available data. 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.

Veeva Systems Interest Expense Historical Data

The historical data trend for Veeva Systems'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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Veeva Systems Interest Expense Chart

Veeva Systems Annual Data

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Interest Expense

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Veeva Systems Quarterly Data
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Veeva Systems 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 Mil.

Veeva Systems (FRA:VEE) 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.

Veeva Systems's Interest Expense for the three months ended in Jan. 2024 was €0 Mil. Its Operating Income for the three months ended in Jan. 2024 was €124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €43 Mil.

Veeva Systems's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

GuruFocus does not calculate Veeva Systems's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Veeva Systems Inc has enough cash to cover all of its debt. Its financial situation is stable.

Veeva Systems (FRA:VEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veeva Systems Inc (FRA:VEE) » Definitions » Interest Expense

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VEEV:USA VEEV:Mexico VEE:Germany V2EE34:Brazil VEEV:Austria

Address

4280 Hacienda Drive, Pleasanton, CA, USA, 94588

Website

https://www.veeva.com

Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

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