Okta (OKTA) Interest Expense : $-8 Mil (TTM As of Jan. 2024)

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What is Okta Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okta's interest expense for the three months ended in Jan. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-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. Okta's Operating Income for the three months ended in Jan. 2024 was $ -55 Mil. Okta's Interest Expense for the three months ended in Jan. 2024 was $ -1 Mil. Okta did not have earnings to cover the interest expense. 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.

Okta Interest Expense Historical Data

The historical data trend for Okta'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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Okta Interest Expense Chart

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-27.02

-73.00

-91.00

-11.00

-8.00

Okta Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-2.00	-3.00	-2.00	-2.00	-1.00

Okta 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.

Okta (NAS:OKTA) 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.

Okta's Interest Expense for the three months ended in Jan. 2024 was $-1 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $1,266 Mil.

Okta's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Okta did not have earnings to cover the interest expense.

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

Okta (OKTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (NAS:OKTA) » Definitions » Interest Expense

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Traded in Other Exchanges

OKTA:Mexico 0OK:Germany 0OK:Germany O1KT34:Brazil

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

Executives

Larissa Schwartz	officer: See Remarks	C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
Jacques Frederic Kerrest	director, officer: Chief Operating Officer	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Shibu Ninan	officer: Chief Accounting Officer	C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
Brett Tighe	officer: See Remarks	C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
Todd Mckinnon	director, 10 percent owner, officer: Chief Executive Officer	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Jonathan T Runyan	officer: General Counsel and Secretary	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Ledger Susan St.	officer: See Remarks	C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
Dixon Robert L Jr	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Emilie Choi	director	C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Christopher K Kramer	officer: Chief Accounting Officer	C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
Benjamin A Horowitz	director, 10 percent owner	2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Jeff Epstein	director	C/O PRICELINE COM INC, 800 CONNECTICUT AVENUE, NORWALK CT 06854
Michael R Kourey	director
William E Losch	officer: Chief Financial Officer	DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Charles Race	officer: See Remarks	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063