SSNC (SS&C Technologies Holdings) Interest Coverage : 2.97 (As of Sep. 2024)

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What is SS&C Technologies Holdings Interest Coverage?

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 by its Interest Expense. SS&C Technologies Holdings's Operating Income for the three months ended in Sep. 2024 was $325 Mil. SS&C Technologies Holdings's Interest Expense for the three months ended in Sep. 2024 was $-110 Mil. SS&C Technologies Holdings's interest coverage for the quarter that ended in Sep. 2024 was 2.97. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for SS&C Technologies Holdings's Interest Coverage or its related term are showing as below:

SSNC' s Interest Coverage Range Over the Past 10 Years
Min: 1.88 Med: 3.1 Max: 7.37
Current: 2.84

SSNC's Interest Coverage is ranked worse than
85.92% of 1626 companies
in the Software industry
Industry Median: 28.575 vs SSNC: 2.84

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 Coverage Historical Data

The historical data trend for SS&C Technologies Holdings's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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SS&C Technologies Holdings Interest Coverage Chart

SS&C Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.23

3.94

6.04

3.66

2.54

SS&C Technologies Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															2.54	2.66	2.87	2.89	2.97

Competitive Comparison of SS&C Technologies Holdings's Interest Coverage

For the Software - Application subindustry, SS&C Technologies Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SS&C Technologies Holdings's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings's Interest Coverage falls into.

SS&C Technologies Holdings Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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 Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, SS&C Technologies Holdings's Interest Expense was $-476 Mil. Its Operating Income was $1,209 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,868 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1208.9	/	-476.3
	=	2.54

SS&C Technologies Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, SS&C Technologies Holdings's Interest Expense was $-110 Mil. Its Operating Income was $325 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,331 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	325.1	/	-109.6
	=	2.97

The higher the ratio, the stronger the company's Financial Strength is.

SS&C Technologies Holdings (NAS:SSNC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

SS&C Technologies Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of SS&C Technologies Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

SS&C Technologies Holdings Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SSNC:Mexico 0L1G:UK WGSA:Germany S1SN34:Brazil

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 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C completed the acquisition of Blue Prism.

Executives

Michael Jay Zamkow	director	27 KENSINGTON SQUARE, LONDON X0 06095
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
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael E Daniels	director	TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
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
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