Rapid7 (LTS:0KTX) Interest Expense : $-64.7 Mil (TTM As of Mar. 2024)

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What is Rapid7 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rapid7's interest expense for the three months ended in Mar. 2024 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-64.7 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. Rapid7's Operating Income for the three months ended in Mar. 2024 was $ 10.6 Mil. Rapid7's Interest Expense for the three months ended in Mar. 2024 was $ -2.7 Mil. Rapid7's Interest Coverage for the quarter that ended in Mar. 2024 was 3.96. 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.

Rapid7 Interest Expense Historical Data

The historical data trend for Rapid7'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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Rapid7 Interest Expense Chart

Rapid7 Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec23

Interest Expense

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-13.39

-24.14

-14.29

-10.98

-64.70

Rapid7 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															-2.72	-2.77	-56.52	-2.70	-2.67

Rapid7 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 $-64.7 Mil.

Rapid7 (LTS:0KTX) 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.

Rapid7's Interest Expense for the three months ended in Mar. 2024 was $-2.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $10.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,008.1 Mil.

Rapid7'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	*	10.568	/	-2.67
	=	3.96

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

Rapid7 (LTS:0KTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rapid7 Inc (LTS:0KTX) » Definitions » Interest Expense

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Address

120 Causeway Street, Boston, MA, USA, 02114

Website

https://www.rapid7.com

Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response, or XDR; security information and event management, or SIEM; cloud security, threat intelligence, and application security; and security orchestration, automation, and response, or SOAR. The Boston-based company went public in 2015.

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