ScanSource (ScanSource) Interest Expense : $-20 Mil (TTM As of Dec. 2023)

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What is ScanSource Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ScanSource's interest expense for the three months ended in Dec. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-20 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. ScanSource's Operating Income for the three months ended in Dec. 2023 was $ 27 Mil. ScanSource's Interest Expense for the three months ended in Dec. 2023 was $ -3 Mil. ScanSource's Interest Coverage for the quarter that ended in Dec. 2023 was 7.99. 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.

ScanSource Interest Expense Historical Data

The historical data trend for ScanSource'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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ScanSource Interest Expense Chart

ScanSource Annual Data

Trend

Jun14

Jun15

Jun16

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Jun19

Jun20

Jun21

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Jun23

Interest Expense

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-13.16

-12.22

-6.93

-6.52

-19.79

ScanSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.06	-5.72	-5.56	-5.59	-3.36

ScanSource 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 $-20 Mil.

ScanSource (NAS:SCSC) 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.

ScanSource's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $161 Mil.

ScanSource'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	*	26.826	/	-3.359
	=	7.99

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

ScanSource (ScanSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ScanSource Inc (NAS:SCSC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SC3:Germany

Address

6 Logue Court, Greenville, SC, USA, 29615

Website

https://www.scansource.com

ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.

Executives

Michael L Baur	officer: President and CEO	6 LOGUE COURT, GREENVILLE SC 29615
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Brandy Ford	officer: SVP & Chief Accounting Officer	6 LOGUE COURT, GREENVILLE SC 29615
John Charles Eldh	officer: Sr. EVP & Chief Revenue Off.	6 LOGUE COURT, GREENVILLE SC 29615
Vernon J Nagel	director	1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Shana C Smith	officer: Sr. EVP & Chief Legal Officer	1875 EXPLORER ST SUITE 800, RESTON VA 20190
Charles R Whitchurch	director	143 FULLER LANE, WINNDKER IL 60093
Charles Alexander Mathis	officer: Vice-President & CFO	627 ISLAND PARK DRIVE, DANIEL ISLAND SC 29492
Rachel Hayden	officer: Senior Executive VP & CIO	6 LOGUE COURT, GREENVILLE SC 29615
Michael J Grainger	director	C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705
Stephen Jones	officer: Sr. EVP & CFO	6 LOGUE COURT, GREENVILLE SC 29615
Emory Frank Edward Jr.	director	2809 SHARON VIEW ROAD, CHARLOTTE NC 28210
Jeffrey R Rodek	director	4151 GULF SHORE BLVD N, PH2, NAPLES FL 34103
Matthew Dean	officer: VP and General Counsel	101 LEDGESTONE WAY, GREER SC 29651
Gerald Lyons	officer: SVP & Principal Acctg Officer	6 LOGUE CT., GREENVILLE SC 29615