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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corpay's interest expense for the three months ended in Dec. 2023 was $ -92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-349 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. Corpay's Operating Income for the three months ended in Dec. 2023 was $ 424 Mil. Corpay's Interest Expense for the three months ended in Dec. 2023 was $ -92 Mil. Corpay's Interest Coverage for the quarter that ended in Dec. 2023 was 4.61. 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 historical data trend for Corpay'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.
Corpay Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -150.05 | -129.80 | -113.71 | -164.66 | -348.61 |
Corpay 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 | -74.15 | -79.80 | -88.49 | -88.29 | -92.04 |
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 $-349 Mil.
* 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.
Corpay (NYSE:CPAY) Interest Expense Explanation
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 higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Corpay's Interest Expense for the three months ended in Dec. 2023 was $-92 Mil. Its Operating Income for the three months ended in Dec. 2023 was $424 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,596 Mil.
Corpay'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 | * | 424.051 | / | -92.041 | |
= | 4.61 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Gerald C Throop | director | C/O CERIDIAN HCM HOLDING INC., 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN 55425 |
Thomas E Panther | officer: Chief Financial Officer | 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30328 |
Rahul Gupta | director | 255 FISERV DRIVE, BROOKFIELD WI 53045 |
Annabelle G Bexiga | director | 1075 JORDAN CREEK PARKWAY, SUITE 300, WEST DES MOINES IA 50266 |
Alan King | officer: President UK and Aust/NewZea | 5445 TRIANGLE PARKWAY, NORCROSS GA 30092 |
Eric Dey | officer: CFO & Secretary | 655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092 |
Jones Archie L Jr. | director | 3280 PEACHTREE ROAD, ATLANTA GA 30305 |
Alissa B Vickery | officer: Chief Accounting Officer | 3280 PEACHTREE ROAD, SUITE 2400, ATLANTA GA 30305 |
Alexey Gavrilenya | officer: President East/Central Europe | 5445 TRIANGLE PARKWAY, NORCROSS GA 30092 |
David J Krantz | officer: Group President, NA Fuel | 5445 TRIANGLE PARKWAY, SUITE 400, PEACHTREE CORNERS 2Q 30092 |
Hala G Moddelmog | director | |
Jeffrey Steven Sloan | director | 5048 NORTHSIDE DRIVE, ATLANTA GA 30327 |
John Coughlin | officer: Exec VP, Corp Development | 655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092 |
Armando Lins Netto | officer: CEO Brazil | 5455 TRIANGLE PARKWAY, NORCROSS GA 30092 |
Richard Macchia | director | C/O INTERNET SECURITY SYSTEMS INC, 6303 BARFIELD RD, ATLANTA GA 30328 |
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