Synopsys (Synopsys) Interest Expense : $-2 Mil (TTM As of Jan. 2024)

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What is Synopsys Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synopsys'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 $-2 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. Synopsys's Operating Income for the three months ended in Jan. 2024 was $ 360 Mil. Synopsys's Interest Expense for the three months ended in Jan. 2024 was $ -1 Mil. Synopsys's Interest Coverage for the quarter that ended in Jan. 2024 was 271.62. 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.

Synopsys Interest Expense Historical Data

The historical data trend for Synopsys'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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Synopsys Interest Expense Chart

Synopsys Annual Data

Trend

Oct14

Oct15

Oct16

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Oct19

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Oct23

Interest Expense

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-11.66

-5.14

-3.37

-1.70

-1.18

Synopsys 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															-0.26	-0.31	-0.34	-0.26	-1.32

Synopsys 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 $-2 Mil.

Synopsys (NAS:SNPS) 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.

Synopsys'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 $360 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $581 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	359.62	/	-1.324
	=	271.62

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

Synopsys (Synopsys) Business Description

Industry

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

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Traded in Other Exchanges

SNPS:Mexico SYPd:UK SYP:Germany SYP:Germany SYP:Germany S1NP34:Brazil

Address

675 Almanor Avenue, Sunnyvale, CA, USA, 94085

Website

https://www.synopsys.com

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

Executives

Mercedes Johnson	director	MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Richard S. Mahoney	officer: Chief Revenue Officer	2600 ANSYS DRIVE, CANONSBURG PA 15317
Runkel John F Jr	officer: General Counsel &	C/O INTUITIVE SURGICAL, INC., 1266 KIFER ROAD, SUNNYVALE CA 94086
Sudhindra Kankanwadi	officer: VP and Corporate Controller	690 E MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Robert G Painter	director	C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
Geus Aart De	director, officer: Chairman of the Board & Co-CEO
Sassine Ghazi	officer: Chief Operating Officer	3075 W RAY ROAD, SUITE 528, THE PARK AT SAN TAN, CHANDLER AZ 85226
Shelagh Glaser	officer: CFO	ZENDESK, INC., 989 MARKET STREET, SAN FRANCISCO CA 94103
Roy Vallee	director	2211 S 47TH ST, PHOENIX AZ 85034
Joseph W Logan	officer: EVP, Sales & Corp Marketing	700 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Chrysostomos L Nikias	director	UNIVERSITY OF SOUTHERN CALIFORNIA, 3551 TROUSEDALE, BOVARD ADM 102, LOS ANGELES CA 90089-4019
Trac Pham	officer: CFO	700 E. MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Luis Borgen	director	58 SUNSET RIDGE LANE, BOLTON MA 01740
Marc N Casper	director	C/O THERMO FISHER SCIENTIFIC, 168 THIRD AVENUE, WALTHAM MA 02451
Chi-foon Chan	director, officer: Co-CEO & President