RBBN (Ribbon Communications) Interest Expense : $-29.1 Mil (TTM As of Sep. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Ribbon Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ribbon Communications's interest expense for the three months ended in Sep. 2024 was $ -12.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-29.1 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. Ribbon Communications's Operating Income for the three months ended in Sep. 2024 was $ 2.9 Mil. Ribbon Communications's Interest Expense for the three months ended in Sep. 2024 was $ -12.0 Mil. Ribbon Communications's Interest Coverage for the quarter that ended in Sep. 2024 was 0.24. 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.

Ribbon Communications Interest Expense Historical Data

The historical data trend for Ribbon Communications'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.

* Premium members only.

Ribbon Communications Interest Expense Chart

Ribbon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-3.88

-21.04

-15.83

-20.01

-27.66

Ribbon Communications Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-7.30	-7.05	-6.09	-3.93	-12.02

Ribbon Communications 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.1 Mil.

Ribbon Communications (NAS:RBBN) 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.

Ribbon Communications's Interest Expense for the three months ended in Sep. 2024 was $-12.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $365.7 Mil.

Ribbon Communications's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	2.867	/	-12.019
	=	0.24

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

Ribbon Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ribbon Communications Inc (NAS:RBBN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NU42:Germany NU42:Germany

Address

6500 Chase Oaks Boulevard, Suite 100, Plano, TX, USA, 75023

Website

https://www.ribboncommunications.com

Ribbon Communications Inc provides network solutions to service providers and enterprises. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. It has two separate lines of business; the Cloud and Edge segment, and the IP Optical Networks segment. The majority of the revenue for the company is generated from its Cloud and Edge segment that provides secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE among others to service providers and enterprise customers. The company generates majority of its revenue from United States.

Executives

Beatriz V Infante	director	4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Bruns H Grayson	director	950 WINTER STREET, WALTHAM MA 02451
Miguel A Lopez	officer: EVP, CFO	HARRIS CORPORATION, 1025 W NASA BOULEVARD, MELBOURNE FL 32919
Bruce William Mcclelland	director, officer: President & CEO	3871 LAKEFIELD DRIVE, SUWANEE GA 30024
Patrick W Macken	officer: EVP, Chief Legal Officer	4515 THREE CHIMNEYS LANE, CUMMING GA 30041
Dan Redington	officer: EVP of Global Sales	6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Scott Mair	director	6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Swarth Investments Inc.	10 percent owner	NEWPORT HOUSE, 15 THE GRANGE, ST PETER PORT Y7 GY1 4LA
Jpmorgan Chase & Co	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10017
Sam Bucci	officer: EVP & GM IP Optical Networks	3605 E PLANO PARKWAY, PLANO TX 75074
Stephen J. Mccaffery	officer: EVP EMEAS and APAC Sales	VICTORIA ROAD, WEST YORKSHIRE, SALTAIRE X0 BD183LF
Eric S Marmurek	officer: SVP, Finance & CAO	C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Krish A Prabhu	director
Anthony Scarfo	officer: EVP & GM, Cloud & Edge BU	C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Tanya Tamone	director	3605 E PLANO PARKWAY, PLANO TX 75074