TaskUs (TaskUs) Interest Expense : $-22.2 Mil (TTM As of Mar. 2024)

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What is TaskUs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TaskUs's interest expense for the three months ended in Mar. 2024 was $ -5.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22.2 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. TaskUs's Operating Income for the three months ended in Mar. 2024 was $ 23.4 Mil. TaskUs's Interest Expense for the three months ended in Mar. 2024 was $ -5.5 Mil. TaskUs's Interest Coverage for the quarter that ended in Mar. 2024 was 4.22. 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.

TaskUs Interest Expense Historical Data

The historical data trend for TaskUs'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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TaskUs Interest Expense Chart

TaskUs Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-9.35

-7.48

-6.50

-11.92

-21.72

TaskUs Quarterly Data
	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													-5.10	-5.33	-5.71	-5.58	-5.54

TaskUs 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 $-22.2 Mil.

TaskUs (NAS:TASK) 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.

TaskUs's Interest Expense for the three months ended in Mar. 2024 was $-5.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $23.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $279.5 Mil.

TaskUs'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	*	23.381	/	-5.538
	=	4.22

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

TaskUs (TaskUs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TaskUs Inc (NAS:TASK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6VY:Germany

Address

1650 Independence Drive, Suite 100, New Braunfels, TX, USA, 78132

Website

https://www.taskus.com

TaskUs Inc is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech.

Executives

Jacqueline D Reses	director	C/O SQUARE, INC., 1455 MARKET STREET #600, SAN FRANCISCO CA 94103
Stephan Daoust	officer: Chief Operating Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Kelly L Tuminelli	director	TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
Jill A Greenthal	director	MARTHA STEWART LIVING OMNIMEDIA INC, 11 WEST 42ND STREET 25TH FLOOR, NEW YORK NY 10036
Rajnish Sinha	officer: Chief People Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Michelle H Gonzalez	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Claudia F Walsh	officer: General Counsel	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Bcp Fc Aggregator L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jaspar Weir	director, 10 percent owner, officer: President	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bryce Maddock	director, 10 percent owner, officer: Chief Executive Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Susir Kumar	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Amit Dixit	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Jarrod Johnson	officer: Chief Customer Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Steven Amaya	officer: See Remarks	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132