Procore Technologies (STU:5PT) Interest Expense : €-1.8 Mil (TTM As of Mar. 2024)

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What is Procore Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Procore Technologies's interest expense for the three months ended in Mar. 2024 was € -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1.8 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. Procore Technologies's Operating Income for the three months ended in Mar. 2024 was € -17.4 Mil. Procore Technologies's Interest Expense for the three months ended in Mar. 2024 was € -0.4 Mil. Procore Technologies did not have earnings to cover the interest expense. 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.

Procore Technologies Interest Expense Historical Data

The historical data trend for Procore Technologies'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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Procore Technologies Interest Expense Chart

Procore Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.84

-1.93

-2.06

-2.02

-1.80

Procore Technologies 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															-0.46	-0.45	-0.46	-0.44	-0.44

Procore Technologies 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 €-1.8 Mil.

Procore Technologies (STU:5PT) 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.

Procore Technologies's Interest Expense for the three months ended in Mar. 2024 was €-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-17.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €70.6 Mil.

Procore Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Procore Technologies did not have earnings to cover the interest expense.

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

Procore Technologies (STU:5PT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Procore Technologies Inc (STU:5PT) » Definitions » Interest Expense

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PCOR:USA P2CO34:Brazil

Address

6309 Carpinteria Avenue, Carpinteria, CA, USA, 93013

Website

https://www.procore.com

Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.

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