Pitney Bowes (Pitney Bowes) Interest Expense

: $-164 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pitney Bowes's interest expense for the three months ended in Dec. 2023 was $ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-164 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. Pitney Bowes's Operating Income for the three months ended in Dec. 2023 was $ 55 Mil. Pitney Bowes's Interest Expense for the three months ended in Dec. 2023 was $ -46 Mil. Pitney Bowes's Interest Coverage for the quarter that ended in Dec. 2023 was 1.21. 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.

Pitney Bowes Interest Expense Historical Data

The historical data trend for Pitney Bowes'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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Pitney Bowes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-155.56

-153.92

-143.95

-141.77

-163.73

Pitney Bowes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-37.13	-36.88	-37.68	-43.60	-45.57

Pitney Bowes 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 $-164 Mil.

Pitney Bowes (NYSE:PBI) 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.

Pitney Bowes's Interest Expense for the three months ended in Dec. 2023 was $-46 Mil. Its Operating Income for the three months ended in Dec. 2023 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,365 Mil.

Pitney Bowes'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	*	55.147	/	-45.57
	=	1.21

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

Pitney Bowes (Pitney Bowes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pitney Bowes Inc (NYSE:PBI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PBW:Germany

Address

3001 Summer Street, Stamford, CT, USA, 06926

Website

https://www.pitneybowes.com

Pitney Bowes is a Global technology company that offers e-commerce solutions to its clients. The company provides various products and services such as domestic delivery, return and fulfillment, cross-border shipping solutions, sorting services for large volumes of postal mails, technological solutions to enable digital mailing, shipping, and other services. The company operates through three business segments: Global e-commerce, presort services, and SendTech Solutions. The company generates majority of its revenue from United States.

Executives

Christopher Johnson	officer: SVP & President, GFS	3001 SUMMER ST, STAMFORD CT 06926
Andrew Robert Gold	officer: SVP, Chief HR Officer	3001 SUMMER ST, STAMFORD CT 06926
Joseph Schmitt	officer: SVP, Chief Information Officer	3001 SUMMER ST, STAMFORD CT 06926
Deborah Pfeiffer	officer: President, Presort Services	3001 SUMMER ST, STAMFORD CT 06926
Shemin Nurmohamed	officer: President, SendTech Solutions	3001 SUMMER ST, STAMFORD CT 06926
Todd A. Everett	director	2700 VIA FORTUNA, SUITE 300, AUSTIN TX 78746
Milena Alberti-perez	director	8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008
Kurt James Wolf	director	175 BRICKYARD ROAD, ADAMS TOWNSHIP PA 16046
Katie May	director	1990 E. GRAND AVE., EL SEGUNDO CA 90245
Steven Brill	director	3001 SUMMER ST, STAMFORD CT 06926
James Darrell Thomas	director	3700 JUNEAU AVENUE, MILWAUKEE WI 53208
Sheila A Stamps	director	C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
Mary Guilfoile	director	227 WASHINGTON STREET STE.200, CONSHOHOCKEN PA 19428
James Arthur Fairweather	officer: EVP & Chief Innovation Officer	3001 SUMMER ST, STAMFORD CT 06926
Daniel J Goldstein	officer: EVP/Chief Legal & Compliance	1 ELMCROFT ROAD, STAMFORD CT 06926