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Seagate Technology Interest Expense

: $-200 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. Seagate Technology's interest expense for the three months ended in Dec. 2020 was $ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-200 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. Seagate Technology's Operating Income for the three months ended in Dec. 2020 was $ 350 Mil. Seagate Technology's Interest Expense for the three months ended in Dec. 2020 was $ -52 Mil. Seagate Technology's Interest Coverage for the quarter that ended in Dec. 2020 was 6.73. 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.


Seagate Technology 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.

Seagate Technology 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 -193.00 -222.00 -236.00 -224.00 -201.00

Seagate Technology 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 -48.00 -49.00 -49.00 -50.00 -52.00

Seagate Technology 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 -49 (Mar. 2020 ) + -49 (Jun. 2020 ) + -50 (Sep. 2020 ) + -52 (Dec. 2020 ) = $-200 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.


Seagate Technology  (NAS:STX) 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.

Seagate Technology's Interest Expense for the three months ended in Dec. 2020 was $-52 Mil. Its Operating Income for the three months ended in Dec. 2020 was $350 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $5,120 Mil.

Seagate Technology'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*350/-52
=6.73

* 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.


Seagate Technology Interest Expense Headlines

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