Synchronoss Technologies (Synchronoss Technologies) Interest Expense : $-12.4 Mil (TTM As of Dec. 2023)

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What is Synchronoss Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synchronoss Technologies's interest expense for the three months ended in Dec. 2023 was $ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12.4 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. Synchronoss Technologies's Operating Income for the three months ended in Dec. 2023 was $ 3.4 Mil. Synchronoss Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -3.2 Mil. Synchronoss Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 1.08. 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.

Synchronoss Technologies Interest Expense Historical Data

The historical data trend for Synchronoss Technologies'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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Synchronoss Technologies Interest Expense Chart

Synchronoss Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.06

-0.42

-5.70

-12.25

-12.43

Synchronoss Technologies 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															-3.15	-3.08	-3.08	-3.09	-3.17

Synchronoss Technologies 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 $-12.4 Mil.

Synchronoss Technologies (NAS:SNCR) 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.

Synchronoss Technologies's Interest Expense for the three months ended in Dec. 2023 was $-3.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $159.8 Mil.

Synchronoss Technologies'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	*	3.437	/	-3.168
	=	1.08

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

Synchronoss Technologies (Synchronoss Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synchronoss Technologies Inc (NAS:SNCR) » Definitions » Interest Expense

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Traded in Other Exchanges

H6K0:Germany

Address

200 Crossing Boulevard, 3rd Floor, Bridgewater, NJ, USA, 08807

Website

https://www.synchronoss.com

Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.

Executives

Laurie Harris	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Martin Francis Bernstein	director	C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Kristin S. Rinne	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807
Jeffrey George Miller	officer: Chief Commercial Officer	C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Lou Ferraro	officer: EVP and CFO	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Christopher K. Hill	officer: EVP & Chief Commercial Officer	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Patrick Joseph Doran	officer: EVP & Chief Technology Officer	750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Christina Gabrys	officer: SVP and CLO	200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Stephen G Waldis	director, officer: President & C.E.O.	750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Taylor C Greenwald	officer: Chief Financial Officer	C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BOULEVARD, 3RD FLOOR, BRIDGEWATER NJ 08807
David D Clark	officer: Chief Financial Officer	FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Management Gp, Llc	10 percent owner	11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025