Broadridge Financial Solutions (Broadridge Financial Solutions) Interest Expense : $-156 Mil (TTM As of Dec. 2023)

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What is Broadridge Financial Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Broadridge Financial Solutions's interest expense for the three months ended in Dec. 2023 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-156 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. Broadridge Financial Solutions's Operating Income for the three months ended in Dec. 2023 was $ 124 Mil. Broadridge Financial Solutions's Interest Expense for the three months ended in Dec. 2023 was $ -40 Mil. Broadridge Financial Solutions's Interest Coverage for the quarter that ended in Dec. 2023 was 3.11. 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.

Broadridge Financial Solutions Interest Expense Historical Data

The historical data trend for Broadridge Financial Solutions'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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Broadridge Financial Solutions Interest Expense Chart

Broadridge Financial Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-45.90

-62.50

-57.50

-87.70

-143.70

Broadridge Financial Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-36.30	-40.30	-39.10	-36.40	-40.00

Broadridge Financial Solutions 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-156 Mil.

Broadridge Financial Solutions (NYSE:BR) 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.

Broadridge Financial Solutions's Interest Expense for the three months ended in Dec. 2023 was $-40 Mil. Its Operating Income for the three months ended in Dec. 2023 was $124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,836 Mil.

Broadridge Financial Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	124.4	/	-40
	=	3.11

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

Broadridge Financial Solutions (Broadridge Financial Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Broadridge Financial Solutions Inc (NYSE:BR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

5B9:Germany

Address

5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042

Website

https://www.broadridge.com

Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

Executives

Christopher John Perry	officer: Corporate SVP	1981 MARCUS AVENUE, LAKE SUCCESS NY 11042
Laura Matlin	officer: VP, Deputy GC and CGO	C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Keir D Gumbs	officer: CVP and Chief Legal Officer	C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Timothy C Gokey	officer: Senior Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Richard J Daly	director, officer: Chief Executive Officer	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas P Carey	officer: Corporate VP	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042
Douglas Richard Deschutter	officer: Corporate Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Leslie A Brun	director	435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087
Robert Schifellite	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert N Duelks	director	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert F Kalenka	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Richard John Stingi	officer: Corporate VP and CHRO	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas J Perna	director	89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922
Eileen K Murray	director	1585 BROADWAY, NEW YORK NY 10036
Vijay Mayadas	officer: VP, Strategy	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NE 11042