Progress Software (FRA:PGR) Interest Expense : €-29.8 Mil (TTM As of Feb. 2024)

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What is Progress Software Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Progress Software's interest expense for the three months ended in Feb. 2024 was € -6.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was €-29.8 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. Progress Software's Operating Income for the three months ended in Feb. 2024 was € 36.2 Mil. Progress Software's Interest Expense for the three months ended in Feb. 2024 was € -6.8 Mil. Progress Software's Interest Coverage for the quarter that ended in Feb. 2024 was 5.32. 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.

Progress Software Interest Expense Historical Data

The historical data trend for Progress Software'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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Progress Software Interest Expense Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

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Nov19

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Nov23

Interest Expense

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-8.97

-8.60

-17.56

-15.49

-28.44

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-5.46	-7.83	-7.82	-7.29	-6.81

Progress Software 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-29.8 Mil.

Progress Software (FRA:PGR) 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.

Progress Software's Interest Expense for the three months ended in Feb. 2024 was €-6.8 Mil. Its Operating Income for the three months ended in Feb. 2024 was €36.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was €651.2 Mil.

Progress Software's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	36.194	/	-6.808
	=	5.32

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

Progress Software (FRA:PGR) Business Description

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PRGS:USA

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.