GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (STU:0ZB) » Definitions » Interest Expense

Converge Technology Solutions (STU:0ZB) Interest Expense : €-21 Mil (TTM As of Dec. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Converge Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Converge Technology Solutions's interest expense for the three months ended in Dec. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-21 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. Converge Technology Solutions's Operating Income for the three months ended in Dec. 2024 was € 15 Mil. Converge Technology Solutions's Interest Expense for the three months ended in Dec. 2024 was € -5 Mil. Converge Technology Solutions's Interest Coverage for the quarter that ended in Dec. 2024 was 2.86. 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.

Converge Technology Solutions Interest Expense Historical Data

The historical data trend for Converge Technology Solutions'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.

* Premium members only.

Converge Technology Solutions Interest Expense Chart

Converge Technology Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial -12.62 -5.39 -13.80 -28.18 -20.77

Converge Technology Solutions Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.08 -5.73 -4.97 -4.74 -5.43

Converge Technology Solutions 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-21 Mil.

* 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.

Converge Technology Solutions  (STU:0ZB) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Converge Technology Solutions's Interest Expense for the three months ended in Dec. 2024 was €-5 Mil. Its Operating Income for the three months ended in Dec. 2024 was €15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €171 Mil.

Converge Technology Solutions's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*15.498/-5.428
=2.86

* 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.

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

Converge Technology Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (STU:0ZB) » Definitions » Interest Expense
Comparable Companies
TSX:ALYA TSXV:BNXA TSXV:PVT TSXV:SPOT TSXV:VITA XCNQ:PAID NEOE:KNR TSXV:VIS TSXV:CCDS XCNQ:NERD IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS TSE:6702 CTSH XMAD:AMS
Traded in Other Exchanges
N/A
Address
161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2S1
Website
https://www.convergetp.com
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has three operating segments: North America, Germany, and UK.

Converge Technology Solutions Headlines

No Headlines