PRGS (Progress Software) Interest Expense : $-43.1 Mil (TTM As of Feb. 2025)

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What is Progress Software Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Progress Software's interest expense for the three months ended in Feb. 2025 was $ -18.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2025 was $-43.1 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. Progress Software's Operating Income for the three months ended in Feb. 2025 was $ 42.7 Mil. Progress Software's Interest Expense for the three months ended in Feb. 2025 was $ -18.4 Mil. Progress Software's Interest Coverage for the quarter that ended in Feb. 2025 was 2.32. 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.

Progress Software Interest Expense Historical Data

The historical data trend for Progress Software'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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Progress Software Interest Expense Chart

Progress Software Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Interest Expense

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-10.17

-20.05

-15.79

-30.78

-32.01

Progress Software Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Interest Expense	Get a 7-Day Free Trial															-7.34	-7.01	-6.77	-10.90	-18.43

Progress Software 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 Feb. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43.1 Mil.

Progress Software (NAS:PRGS) 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.

Progress Software's Interest Expense for the three months ended in Feb. 2025 was $-18.4 Mil. Its Operating Income for the three months ended in Feb. 2025 was $42.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2025 was $1,521.5 Mil.

Progress Software's Interest Coverage for the quarter that ended in Feb. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2025 )	/	Interest Expense (Q: Feb. 2025 )
	=	-1	*	42.682	/	-18.429
	=	2.32

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

Progress Software Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Progress Software Corp (NAS:PRGS) » Definitions » Interest Expense

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Traded in Other Exchanges

PGR:Germany

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.

Executives

Ian Pitt	officer: Chief Information Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Domenic Lococo	officer: Chief Accounting Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Loren Jarrett	officer: Chief Marketing Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Anthony Folger	officer: Chief Financial Officer	C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Sundar Subramanian	officer: EVP/GM DevSecOps	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Yufan Stephanie Wang	officer: Chief Legal Officer	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Yogesh K Gupta	director, officer: Chief Executive Officer	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Kathryn Kulikoski	officer: CHIEF PEOPLE OFFICER	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John Ainsworth	officer: Senior Vice President	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
David Krall	director	C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876
Charles Francis Kane	director	14 OAK PARK DRIVE, BEDFORD MA 01730
Jeremy Segal	officer: Senior Vice President	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Jennifer Ortiz	officer: EVP, Corporate Marketing	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John R Egan	director	176 SOUTH ST., HOPKINTON MA 01748
Gary Quinn	officer: Senior Vice President	C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749