The Descartes Systems Group (TSX:DSG) Interest Expense : C$-1.4 Mil (TTM As of Jan. 2025)

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What is The Descartes Systems Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Descartes Systems Group's interest expense for the three months ended in Jan. 2025 was C$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2025 was C$-1.4 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. The Descartes Systems Group's Operating Income for the three months ended in Jan. 2025 was C$ 70.0 Mil. The Descartes Systems Group's Interest Expense for the three months ended in Jan. 2025 was C$ -0.4 Mil. The Descartes Systems Group's Interest Coverage for the quarter that ended in Jan. 2025 was 199.54. 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.

The Descartes Systems Group Interest Expense Historical Data

The historical data trend for The Descartes Systems Group'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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The Descartes Systems Group Interest Expense Chart

The Descartes Systems Group Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Interest Expense

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-1.51

-1.42

-1.57

-1.83

-1.45

The Descartes Systems Group Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Interest Expense	Get a 7-Day Free Trial															-0.46	-0.37	-0.33	-0.34	-0.35

The Descartes Systems Group 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 Jan. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.4 Mil.

The Descartes Systems Group (TSX:DSG) 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.

The Descartes Systems Group's Interest Expense for the three months ended in Jan. 2025 was C$-0.4 Mil. Its Operating Income for the three months ended in Jan. 2025 was C$70.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2025 was C$6.8 Mil.

The Descartes Systems Group's Interest Coverage for the quarter that ended in Jan. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2025 )	/	Interest Expense (Q: Jan. 2025 )
	=	-1	*	70.037	/	-0.351
	=	199.54

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The Descartes Systems Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

The Descartes Systems Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (TSX:DSG) » Definitions » Interest Expense

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DSGX:USA DC2:Germany DC2:Germany

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

Executives

Andrew Roszko	Senior Officer
Edward Ryan	Senior Officer
Allan Brett	Senior Officer
Edward James Gardner	Senior Officer
Robert Parker	Senior Officer
William Chad Murphy	Senior Officer
John Scott Pagan	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Raimond Diederik	Senior Officer
Eric Demirian	Director
Kenneth Edward Wood	Senior Officer
Christopher Jones	Senior Officer
Michael Verhoeve	Senior Officer
John Joseph Walker	Director