Akamai Technologies (WBO:AKAM) Interest Expense : €-21 Mil (TTM As of Mar. 2024)

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What is Akamai Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akamai Technologies's interest expense for the three months ended in Mar. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-21 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. Akamai Technologies's Operating Income for the three months ended in Mar. 2024 was € 154 Mil. Akamai Technologies's Interest Expense for the three months ended in Mar. 2024 was € -6 Mil. Akamai Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 24.56. 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.

Akamai Technologies Interest Expense Historical Data

The historical data trend for Akamai Technologies'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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Akamai Technologies Interest Expense Chart

Akamai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-44.43

-56.82

-64.01

-10.48

-16.24

Akamai Technologies 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															-2.50	-1.84	-3.24	-9.85	-6.27

Akamai Technologies 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 €-21 Mil.

Akamai Technologies (WBO:AKAM) 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.

Akamai Technologies's Interest Expense for the three months ended in Mar. 2024 was €-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was €154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,993 Mil.

Akamai Technologies'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	*	154.048	/	-6.273
	=	24.56

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

Akamai Technologies (WBO:AKAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (WBO:AKAM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AKAM:USA AK3:Germany AK3:Germany AK3:Germany A1KA34:Brazil

Address

145 Broadway, Cambridge, MA, USA, 02142

Website

https://www.akamai.com

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.