Xerox Holdings (Xerox Holdings) Interest Expense

: $-68 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xerox Holdings's interest expense for the three months ended in Dec. 2023 was $ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-68 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. Xerox Holdings's Operating Income for the three months ended in Dec. 2023 was $ 86 Mil. Xerox Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -28 Mil. Xerox Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 3.07. 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.

Xerox Holdings Interest Expense Historical Data

The historical data trend for Xerox Holdings'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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Xerox Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-105.00

-94.00

-96.00

-91.00

-68.00

Xerox Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-18.00	-14.00	-12.00	-14.00	-28.00

Xerox Holdings 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 $-68 Mil.

Xerox Holdings (NAS:XRX) 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.

Xerox Holdings's Interest Expense for the three months ended in Dec. 2023 was $-28 Mil. Its Operating Income for the three months ended in Dec. 2023 was $86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,851 Mil.

Xerox Holdings'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	*	86	/	-28
	=	3.07

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

Xerox Holdings (Xerox Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xerox Holdings Corp (NAS:XRX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

XER2:Germany XER2:Germany XRXB34:Brazil XRX:Argentina

Address

201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056

Website

https://www.xerox.com

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Executives

Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Darwin Deason	10 percent owner	2828 N HASKELL AVENUE, BLDG 1 FL-10, DALLAS TX 75204
Suzan Morno-wade	officer: EVP & CHRO	XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851-1056
Steven John Bandrowczak	officer: President and COO	C/O NORTEL NETWORKS CORPORATION, 195 THE WEST MALL, TORONTO A6 M9C 5K1
Mirlanda Gecaj	officer: VP & CAO	XEROX HOLDINGS CORPORATION, 201 MERRITT 7, NORWALK CT 06851
Philip Giordano	director	100 EAST DILDO DRIVE, MIAMI BEACH FL 33139
A. Scott Letier	director	5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Jesse Lynn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Hernandez Margarita Palau	director	300 N. SAN RAFAEL AVE., PASADENA CA 91105
Steven D Miller	director	16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Jacques-edouard Gueden	officer: Executive Vice President	XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851
John G Bruno	officer: President and COO
Naresh Shanker	officer: SVP, Chief Technology Officer	XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851