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GuruFocus has detected 6 Warning Signs with Symantec Corp $SYMC.
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Symantec Corp (NAS:SYMC)
Interest Expense
$-208 Mil (TTM As of Mar. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Symantec Corp's interest expense for the three months ended in Mar. 2017 was $-74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2017 was $-208 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. Symantec Corp's Operating Income for the three months ended in Mar. 2017 was $-178 Mil. Symantec Corp's Interest Expense for the three months ended in Mar. 2017 was $-74 Mil. Symantec Corp did not have earnings to cover the interest expense. 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.

Symantec Corp Interest Expense for the trailing twelve months (TTM) ended in Mar. 2017 was -27 (Jun. 2016 ) + -52 (Sep. 2016 ) + -55 (Dec. 2016 ) + -74 (Mar. 2017 ) = $-208 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.

Symantec Corp's interest expense for the three months ended in Mar. 2017 was $-74 Mil. Its operating income for the three months ended in Mar. 2017 was $-178 Mil. And its Long-Term Debt for the three months ended in Mar. 2017 was $6,876 Mil.

Symantec Corp's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Symantec Corp did not have earnings to cover the interest expense.

* 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.

Symantec Corp Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Interest Expense -29-125-129-143-115-139-84-78-75-208

Symantec Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Interest Expense -19-19-20-19-17-19-27-52-55-74
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