Cisco Systems (Cisco Systems) Interest Expense : $-451 Mil (TTM As of Jan. 2024)

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What is Cisco Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cisco Systems's interest expense for the three months ended in Jan. 2024 was $ -120 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-451 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. Cisco Systems's Operating Income for the three months ended in Jan. 2024 was $ 3,108 Mil. Cisco Systems's Interest Expense for the three months ended in Jan. 2024 was $ -120 Mil. Cisco Systems's Interest Coverage for the quarter that ended in Jan. 2024 was 25.90. 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.

Cisco Systems Interest Expense Historical Data

The historical data trend for Cisco Systems'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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Cisco Systems Interest Expense Chart

Cisco Systems Annual Data

Trend

Jul14

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Jul23

Interest Expense

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-859.00

-585.00

-434.00

-360.00

-427.00

Cisco Systems Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-107.00	-109.00	-111.00	-111.00	-120.00

Cisco Systems 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-451 Mil.

Cisco Systems (NAS:CSCO) 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.

Cisco Systems's Interest Expense for the three months ended in Jan. 2024 was $-120 Mil. Its Operating Income for the three months ended in Jan. 2024 was $3,108 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $6,669 Mil.

Cisco Systems's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	3108	/	-120
	=	25.90

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

Cisco Systems (Cisco Systems) Business Description

Industry

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Address

170 West Tasman Drive, San Jose, CA, USA, 95134-1706

Website

https://www.cisco.com

Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.

Executives

Richard Scott Herren	officer: EVP and CFO	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Maria Victoria Wong	officer: SVP & Chief Acctg Officer	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Deborah L Stahlkopf	officer: EVP and Chief Legal Officer	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Jeffery S. Sharritts	officer: EVP & Chief Cust & Prtnr Offcr	1200 ABERNATHY RD., NE, STE 1200, ATLANTA GA 30328
Mark Garrett	director	106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Maria Martinez	officer: EVP, Chief Customer Exp Offcr	THE LANDMARK @ 1 MARKET STREET, SUITE 300, SAN FRANCISCO CA 94105
Charles Robbins	officer: SVP, Worldwide Sales	170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Daniel H Schulman	director	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Roderick C Mcgeary	director	1421 MCCRTHY BLVD, MILPITAS CA 95035
Prat Bhatt	officer: VP, Corporate Controller & PAO	170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Kristina M Johnson	director	19 HEATH PL, DURHAM NC 27705
Sarah Rae Murphy	director	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Geraldine Elliott	officer: EVP, Chief Sales & Mktg Offcr	1194 N. MATHILDA AVE., SUNNYVALE CA 94089
M Michele Burns	director	C/O MARSH &MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036-2774
Mark D Chandler	officer: SVP, LglSrvs, GenCnsl & Secty	170 W TASMAN DRIVE, SAN JOSE CA 95134