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GuruFocus has detected 3 Warning Signs with Seagate Technology PLC $STX.
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Seagate Technology PLC (NAS:STX)
Interest Expense
$-211 Mil (TTM As of Mar. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seagate Technology PLC's interest expense for the three months ended in Mar. 2017 was $-60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2017 was $-211 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. Seagate Technology PLC's Operating Income for the three months ended in Mar. 2017 was $266 Mil. Seagate Technology PLC's Interest Expense for the three months ended in Mar. 2017 was $-60 Mil. Seagate Technology PLC's interest coverage for the quarter that ended in Mar. 2017 was 4.43. 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.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Seagate Technology PLC Interest Expense for the trailing twelve months (TTM) ended in Mar. 2017 was -51 (Jun. 2016 ) + -50 (Sep. 2016 ) + -50 (Dec. 2016 ) + -60 (Mar. 2017 ) = $-211 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.

Seagate Technology PLC's interest expense for the three months ended in Mar. 2017 was $-60 Mil. Its operating income for the three months ended in Mar. 2017 was $266 Mil. And its Long-Term Debt for the three months ended in Mar. 2017 was $5,073 Mil.

Seagate Technology PLC's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: Mar. 2017 )/Interest Expense (Q: Mar. 2017 )
=-1*266/-60
=4.43

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Seagate Technology PLC Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
Interest Expense -141-126-143-174-214-241-214-195-207-193

Seagate Technology PLC Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Interest Expense -50-48-55-47-48-47-51-50-50-60
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