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CDK Global Interest Expense

: $-139 Mil (TTM As of Dec. 2020)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CDK Global's interest expense for the three months ended in Dec. 2020 was $ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-139 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. CDK Global's Operating Income for the three months ended in Dec. 2020 was $ 114 Mil. CDK Global's Interest Expense for the three months ended in Dec. 2020 was $ -34 Mil. CDK Global's Interest Coverage for the quarter that ended in Dec. 2020 was 3.31. 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.

CDK Global Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

CDK Global Annual Data
Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -40.20 -57.20 -95.90 -139.10 -144.30

CDK Global Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -36.20 -35.10 -35.10 -34.70 -34.30

CDK Global 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. 2020 was -35.1 (Mar. 2020 ) + -35.1 (Jun. 2020 ) + -34.7 (Sep. 2020 ) + -34.3 (Dec. 2020 ) = $-139 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

CDK Global  (NAS:CDK) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CDK Global's Interest Expense for the three months ended in Dec. 2020 was $-34 Mil. Its Operating Income for the three months ended in Dec. 2020 was $114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $2,334 Mil.

CDK Global's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2020 )/Interest Expense (Q: Dec. 2020 )
=-1*113.6/-34.3
=3.31

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. CDK Global Inc interest coverage is 3.57, which is low.

CDK Global Interest Expense Headlines

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