Leidos Holdings (Leidos Holdings) Interest Expense : $-212 Mil (TTM As of Dec. 2023)

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What is Leidos Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Leidos Holdings's interest expense for the three months ended in Dec. 2023 was $ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-212 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. Leidos Holdings's Operating Income for the three months ended in Dec. 2023 was $ 362 Mil. Leidos Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -49 Mil. Leidos Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 7.39. 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.

Leidos Holdings Interest Expense Historical Data

The historical data trend for Leidos Holdings'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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Leidos Holdings Interest Expense Chart

Leidos Holdings Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-147.00

-182.00

-184.00

-199.00

-212.00

Leidos Holdings 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															-51.00	-54.00	-56.00	-53.00	-49.00

Leidos Holdings 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 $-212 Mil.

Leidos Holdings (NYSE:LDOS) 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.

Leidos Holdings's Interest Expense for the three months ended in Dec. 2023 was $-49 Mil. Its Operating Income for the three months ended in Dec. 2023 was $362 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,180 Mil.

Leidos Holdings'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	*	362	/	-49
	=	7.39

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

Leidos Holdings (Leidos Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Leidos Holdings Inc (NYSE:LDOS) » Definitions » Interest Expense

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Traded in Other Exchanges

S6IA:Germany S6IA:Germany L1DO34:Brazil

Address

1750 Presidents Street, Reston, VA, USA, 20190

Website

https://www.leidos.com

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides leading-edge and technologically advanced services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

Executives

Surya N Mohapatra	director	3 GIRALDA FARMS, MADISON NJ 07940
Miriam E John	director	7011 EAST AVENUE, LIVERMORE CA 94550
Noel B Williams	director	1750 PRESIDENTS STREET, RESTON VA 20190
James Robert Moos	officer: Group President	11951 FREEDOM DRIVE, RESTON VA 20190
Cindy Gruensfelder	officer: Executive Vice President	1750 PRESIDENTS STREET, RESTON VA 20190
Roy E Stevens	officer: Chief of Business Development	11951 FREEDOM DRIVE, RESTON VA 20190
Kraemer Harry M Jansen Jr	director	DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Thomas Arthur Bell	director, officer: CEO	1750 PRESIDENTS STREET, RESTON VA 20190
Gary Stephen May	director	11951 FREEDOM DRIVE, RESTON VA 20190
Gregory R Dahlberg	director	11951 FREEDOM DRIVE, RESTON VA 20190
Howe Jerald S Jr	officer: Executive VP & General Counsel
Robert S Shapard	director	P O BOX 696000, SANANTONIO TX 782696000
David G Fubini	director	D.G. FUBINI CONSULTANTS, LLC, 80 SEARS ROAD, BROOKLINE MA 02445
Christopher R Cage	officer: SVP and Corporate Comptroller	11951 FREEDOM DRIVE, RESTON VA 20190
Roger A Krone	director, officer: CEO