SS&C Technologies Holdings (SS&C Technologies Holdings) Interest Expense : $-476 Mil (TTM As of Dec. 2023)

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What is SS&C Technologies Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SS&C Technologies Holdings's interest expense for the three months ended in Dec. 2023 was $ -126 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-476 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. SS&C Technologies Holdings's Operating Income for the three months ended in Dec. 2023 was $ 334 Mil. SS&C Technologies Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -126 Mil. SS&C Technologies Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.66. 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.

SS&C Technologies Holdings Interest Expense Historical Data

The historical data trend for SS&C Technologies Holdings'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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SS&C Technologies Holdings Interest Expense Chart

SS&C Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-409.60

-249.90

-205.70

-312.20

-476.30

SS&C Technologies Holdings 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															-109.20	-111.90	-118.00	-120.60	-125.80

SS&C Technologies Holdings 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 $-476 Mil.

SS&C Technologies Holdings (NAS:SSNC) 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.

SS&C Technologies Holdings's Interest Expense for the three months ended in Dec. 2023 was $-126 Mil. Its Operating Income for the three months ended in Dec. 2023 was $334 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,868 Mil.

SS&C Technologies Holdings'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	*	334.2	/	-125.8
	=	2.66

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

SS&C Technologies Holdings (SS&C Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SS&C Technologies Holdings Inc (NAS:SSNC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SSNC:Mexico WGSA:Germany WGSA:Germany

Address

80 Lamberton Road, Windsor, CT, USA, 06095

Website

https://www.ssctech.com

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.

Executives

Normand A Boulanger	director, officer: President and COO	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Rahul Kanwar	officer: Senior Vice President	80 LAMBERTON ROAD, WINDSOR CT 06095
Brian N Schell	officer: EVP & CFO	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Patrick J Pedonti	officer: SVP and CFO	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Jonathan E Michael	director	C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
William C Stone	director, 10 percent owner, officer: Chairman of the Board & CEO
Jason Douglas White	officer: SVP & General Counsel	588 THE PARKWAY, MAMARONECK NY 10543
Joseph J. Frank	officer: Chief Legal Officer and GC	C/O SS&C TECHNOLOGIES HOLDINGS, INC., 4 TIMES SQUARE, NEW YORK NY 10036
Michael E Daniels	director	TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael Jay Zamkow	director	27 KENSINGTON SQUARE, LONDON X0 06095
Paul Gerard Igoe	officer: Sr. VP & General Counsel	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
William A Etherington	director	CANADIAN IMPERIAL BANK OF COMMERCE, 199 BAY STREET - SUITE 4460, TORONTO A6 M5L 1A2
Tc Group Iv, L.p.	10 percent owner	1001 PENNSYLVANIA AVENUE, N.W., SUITE 200 SOUTH, WASHINGTON DC 20004
Whitman Stephen V R	officer: SVP and General Counsel	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095