Kyndryl Holdings (Kyndryl Holdings) Interest Expense : $-120 Mil (TTM As of Dec. 2023)

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What is Kyndryl Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kyndryl Holdings's interest expense for the three months ended in Dec. 2023 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-120 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. Kyndryl Holdings's Operating Income for the three months ended in Dec. 2023 was $ 47 Mil. Kyndryl Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -31 Mil. Kyndryl Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 1.52. 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.

Kyndryl Holdings Interest Expense Historical Data

The historical data trend for Kyndryl 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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Kyndryl Holdings Interest Expense Chart

Kyndryl Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Mar23

Interest Expense

-85.00

-76.00

-63.00

-64.00

-94.00

Kyndryl Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-27.00	-29.00	-29.00	-31.00	-31.00

Kyndryl 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 $-120 Mil.

Kyndryl Holdings (NYSE:KD) 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.

Kyndryl Holdings's Interest Expense for the three months ended in Dec. 2023 was $-31 Mil. Its Operating Income for the three months ended in Dec. 2023 was $47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,329 Mil.

Kyndryl 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	*	47	/	-31
	=	1.52

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

Kyndryl Holdings (Kyndryl Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kyndryl Holdings Inc (NYSE:KD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KD:Mexico 7XU:Germany 7XU:Germany 7XU:Germany KD:Austria

Address

One Vanderbilt Avenue, 15th Floor, New York, NY, USA, 10017

Website

https://www.kyndryl.com

Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives.

Executives

Elly Keinan	officer: Group President	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Martin J Schroeter	director, officer: Chief Executive Officer	IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
David B Wyshner	officer: CFO & Treasurer	C/O XPO LOGISTICS, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Denis Machuel	director	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Hester Stephen A. M.	director	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Howard I Ungerleider	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
International Business Machines Corp	director, 10 percent owner	1 NEW ORCHARD RD, ARMONK NY 10504
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
John D Harris	director	C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Edward Sebold	officer: General Counsel and Secretary	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Vineet Khurana	officer: Vice President & Controller	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Janina Kugel	director	ONE NEW ORCHARD ROAD, ARMONK NY 10504
Rahul N Merchant	director	C/O EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Shirley A Jackson	director	110 8TH STREEET, TROY NY 12180-3590