Gen Digital (Gen Digital) Interest Expense : $-676 Mil (TTM As of Dec. 2023)

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What is Gen Digital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gen Digital's interest expense for the three months ended in Dec. 2023 was $ -165 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-676 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. Gen Digital's Operating Income for the three months ended in Dec. 2023 was $ 337 Mil. Gen Digital's Interest Expense for the three months ended in Dec. 2023 was $ -165 Mil. Gen Digital's Interest Coverage for the quarter that ended in Dec. 2023 was 2.04. 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.

Gen Digital Interest Expense Historical Data

The historical data trend for Gen Digital'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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Gen Digital Interest Expense Chart

Gen Digital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-208.00

-196.00

-144.00

-126.00

-401.00

Gen Digital 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															-154.00	-168.00	-170.00	-173.00	-165.00

Gen Digital 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 $-676 Mil.

Gen Digital (NAS:GEN) 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.

Gen Digital's Interest Expense for the three months ended in Dec. 2023 was $-165 Mil. Its Operating Income for the three months ended in Dec. 2023 was $337 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,109 Mil.

Gen Digital'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	*	337	/	-165
	=	2.04

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

Gen Digital (Gen Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gen Digital Inc (NAS:GEN) » Definitions » Interest Expense

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Traded in Other Exchanges

GEN:Mexico SYM:Germany GEN:Czech Republic

Address

60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, USA, 85281

Website

https://www.gendigital.com

Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.

Executives

Ondrej Vlcek	officer: President	110 HIGH HOLBORN, LONDON X0 WC1V 6JS
Natalie Marie Derse	officer: CFO	60 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Pavel Baudis	director	110 HIGH HOLBORN, LONDON X0 WC1V 6JS
Peter A Feld	director	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Emily Heath	director	60 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Sherrese M Smith	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012
Matthew Charles Brown	officer: VP, Finance & CAO	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Samir Kapuria	officer: EVP, Cyber Security Services	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Eric Brandt	director	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Bryan Seuk Ko	officer: EVP, General Counsel and Secre	80 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Nora Denzel	director	C/O OVERLAND STORAGE, INC., 4820 OVERLAND AVENUE, SAN DIEGO CA 92123
Slp Iv Seal Ii Gp, L.l.c.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp Iv Seal Ii Holdings, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Vincent Pilette	officer: EVP, Finance	303 VELOCITY WAY, FOSTER CITY CA 94404
Gregory S. Clark	director, officer: CEO	EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626