Maximus (FRA:MMY) Interest Expense : €-77 Mil (TTM As of Mar. 2024)

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What is Maximus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maximus's interest expense for the three months ended in Mar. 2024 was € -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-77 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. Maximus's Operating Income for the three months ended in Mar. 2024 was € 117 Mil. Maximus's Interest Expense for the three months ended in Mar. 2024 was € -19 Mil. Maximus's Interest Coverage for the quarter that ended in Mar. 2024 was 6.26. 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.

Maximus Interest Expense Historical Data

The historical data trend for Maximus'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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Maximus Interest Expense Chart

Maximus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-2.69

-1.75

-12.53

-46.43

-78.84

Maximus Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-19.61	-19.41	-19.22	-19.72	-18.74

Maximus 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-77 Mil.

Maximus (FRA:MMY) 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.

Maximus's Interest Expense for the three months ended in Mar. 2024 was €-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was €117 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,135 Mil.

Maximus's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	117.294	/	-18.737
	=	6.26

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

Maximus (FRA:MMY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maximus Inc (FRA:MMY) » Definitions » Interest Expense

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MMS:USA

Address

1600 Tysons Boulevard, McLean, VA, USA, 22102

Website

https://www.maximus.com

Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. The company offers business solutions to improve the cost-effectiveness, efficiency, and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Health Insurance BC, and child support programmes. Most of its revenue is derived from long-term contractual arrangements with governments around the world. The company generates maximum revenue from the U.S. Federal Services segment.

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