Cognizant Technology Solutions (FRA:COZ) Interest Expense : €-40 Mil (TTM As of Mar. 2024)

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What is Cognizant Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cognizant Technology Solutions's interest expense for the three months ended in Mar. 2024 was € -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-40 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. Cognizant Technology Solutions's Operating Income for the three months ended in Mar. 2024 was € 661 Mil. Cognizant Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was € -10 Mil. Cognizant Technology Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 65.27. 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.

Cognizant Technology Solutions Interest Expense Historical Data

The historical data trend for Cognizant 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.

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Cognizant Technology Solutions Interest Expense Chart

Cognizant Technology Solutions Annual Data

Trend

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Dec23

Interest Expense

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-23.40

-19.73

-7.97

-17.94

-37.60

Cognizant Technology Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.41	-9.23	-10.31	-10.09	-10.12

Cognizant 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-40 Mil.

Cognizant Technology Solutions (FRA:COZ) 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.

Cognizant Technology Solutions's Interest Expense for the three months ended in Mar. 2024 was €-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was €661 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,013 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	660.56	/	-10.12
	=	65.27

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

Cognizant Technology Solutions (FRA:COZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognizant Technology Solutions Corp (FRA:COZ) » Definitions » Interest Expense

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Traded in Other Exchanges

CTSH:USA CTSH:Mexico COZ:Germany CTSH34:Brazil

Address

300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666

Website

https://www.cognizant.com

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

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