Switch (Switch) Interest Expense : $-58.8 Mil (TTM As of Sep. 2022)

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What is Switch Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Switch's interest expense for the three months ended in Sep. 2022 was $ -16.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-58.8 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. Switch's Operating Income for the three months ended in Sep. 2022 was $ 7.5 Mil. Switch's Interest Expense for the three months ended in Sep. 2022 was $ -16.0 Mil. Switch's Interest Coverage for the quarter that ended in Sep. 2022 was 0.47. 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.

Switch Interest Expense Historical Data

The historical data trend for Switch'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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Switch Interest Expense Chart

Switch Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-25.08

-26.37

-29.24

-29.77

-47.64

Switch Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-14.48	-15.41	-13.20	-14.19	-16.03

Switch 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-58.8 Mil.

Switch (NYSE:SWCH) 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.

Switch's Interest Expense for the three months ended in Sep. 2022 was $-16.0 Mil. Its Operating Income for the three months ended in Sep. 2022 was $7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $1,978.6 Mil.

Switch's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	7.512	/	-16.033
	=	0.47

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Switch Inc interest coverage is 1.36, which is low.

Switch (Switch) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Switch Inc (NYSE:SWCH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7135 South Decatur Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.switch.com

Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.

Executives

Thomas A Thomas	director	5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Teresa A. Borden	officer: Chief Construction Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Rob Roy	director, 10 percent owner, officer: Chief Executive Officer	7135 S. DECATUR BLVD, LAS VEGAS NV 89118
Erin Thomas Morton	10 percent owner, officer: President and General Counsel	7135 S. DECATUR BLVD, LAS VEGAS NV 89118
Stella Roy	10 percent owner	410 S. RAMPART BLVD., SUITE 350, LAS VEGAS NV 89145
Jonathan H King	officer: Chief Revenue Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Jason Genrich	director	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Melissa Young	officer: Chief Information Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
First St Switch Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Jeffrey Alan Troesh	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Eastern Capital Group Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Family Foundation Troesh	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Angela N Archon	director	294 ROUTE 100, BUILDING 1, SOMERS NY 10589
Liane J Pelletier	director	10700 NE 4TH STREET # 4004, BELLEVUE WA 98004
Dt Grat Lm, Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052