Bentley Systems (Bentley Systems) Interest Expense : $-40 Mil (TTM As of Mar. 2024)

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What is Bentley Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bentley Systems's interest expense for the three months ended in Mar. 2024 was $ -7 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. Bentley Systems's Operating Income for the three months ended in Mar. 2024 was $ 92 Mil. Bentley Systems's Interest Expense for the three months ended in Mar. 2024 was $ -7 Mil. Bentley Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 12.59. 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.

Bentley Systems Interest Expense Historical Data

The historical data trend for Bentley Systems'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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Bentley Systems Interest Expense Chart

Bentley Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.73

-7.22

-11.53

-35.06

-41.33

Bentley Systems 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															-11.32	-9.99	-8.73	-13.98	-7.30

Bentley Systems 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.

Bentley Systems (NAS:BSY) 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.

Bentley Systems's Interest Expense for the three months ended in Mar. 2024 was $-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,454 Mil.

Bentley Systems'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	*	91.931	/	-7.303
	=	12.59

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

Bentley Systems (Bentley Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bentley Systems Inc (NAS:BSY) » Definitions » Interest Expense

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Traded in Other Exchanges

BS81:Germany

Address

685 Stockton Drive, Exton, PA, USA, 19341

Website

https://www.bentley.com

Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.

Executives

Gregory S Bentley	director, 10 percent owner, officer: Chairman, CEO & President	C/O BENTLEY SYSTEMS INC, 685 STOCKTON RD, EXTON PA 19341
Michael M Campbell	officer: Chief Product Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Kirk B. Griswold	director	11 TROTTER WAY, COLLEGEVILLE PA 19426
Nicholas Cumins	officer: Chief Product Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David R. Shaman	officer: Chief Legal Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Barry J. Bentley	director, 10 percent owner	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David J. Hollister	officer: See Remarks	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brock Ballard	officer: Chief Revenue Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Raymond B. Bentley	director, 10 percent owner, officer: Executive Vice President	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Gus Bergsma	officer: Chief Revenue Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Keith A. Bentley	director, 10 percent owner, officer: Chief Technology Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Richard P. Bentley	10 percent owner	C/O VIDEORAY LLC, 212 EAST HIGH STREET, POTTSTOWN PA 19464
Spt Invest Management Sarl	10 percent owner	21 RUE EDMOND REUTER, CONTERN N4 5326
Andre Werner	officer: Chief Accounting Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341