Jack Henry & Associates (Jack Henry & Associates) Interest Expense : $-18 Mil (TTM As of Dec. 2023)

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What is Jack Henry & Associates Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jack Henry & Associates's interest expense for the three months ended in Dec. 2023 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-18 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. Jack Henry & Associates's Operating Income for the three months ended in Dec. 2023 was $ 119 Mil. Jack Henry & Associates's Interest Expense for the three months ended in Dec. 2023 was $ -4 Mil. Jack Henry & Associates's Interest Coverage for the quarter that ended in Dec. 2023 was 30.78. 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.

Jack Henry & Associates Interest Expense Historical Data

The historical data trend for Jack Henry & Associates'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.

Jack Henry & Associates Interest Expense Chart

Jack Henry & Associates Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.93

-0.69

-1.14

-2.38

-15.07

Jack Henry & Associates 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															-3.41	-4.67	-5.42	-4.20	-3.87

Jack Henry & Associates 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 $-18 Mil.

Jack Henry & Associates (NAS:JKHY) 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.

Jack Henry & Associates's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $255 Mil.

Jack Henry & Associates'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	*	118.967	/	-3.865
	=	30.78

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

Jack Henry & Associates (Jack Henry & Associates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jack Henry & Associates Inc (NAS:JKHY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

JHY:Germany JHY:Germany J1KH34:Brazil

Address

663 Highway 60, P.O. Box 807, Monett, MO, USA, 65708

Website

https://www.jackhenry.com

Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.

Executives

Stacey E. Zengel	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Thomas A Wimsett	director
Laura G. Kelly	director	PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708
David B Foss	officer: PRESIDENT	PO BOX 807, 663 HWY 60, MONETT MO 65708
Mimi Carsley	officer: CFO and Treasurer	6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
Renee Ann Swearingen	officer: Sr VP & Chief Accounting Offic	PO BOX 807, 663 HWY 60, MONETT MO 65708
Gregory R. Adelson	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Wilson Thomas Hampton Jr.	director	PO BOX 807, 663 HWY 60, MONETT MO 65708
Curtis A Campbell	director	6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
John F Prim	officer: PRESIDENT	PO BOX 807-663 HWY 60, MONETT MO 65708
Steven W. Tomson	officer: VICE PRESIDENT	PO BOX 807, 663 HWY 60, MONETT MO 65708
Kevin D Williams	officer: CHIEF FINANCIAL OFFICER	PO BOX 807-663 HWY 60, MONETT MO 65708
Mark S Forbis	officer: IMAGE DEPARTMENT MANAGER	663 HWY 60, PO BOX 807, MONETT MO 65708
Ronald L. Moses	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Wesley A Brown	director	PO BOX 807, 663 HWY 60, MONETT MO 65708