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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Exela Technologies's interest expense for the three months ended in Mar. 2024 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-117 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. Exela Technologies's Operating Income for the three months ended in Mar. 2024 was $ 0 Mil. Exela Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -21 Mil. Exela Technologies did not have earnings to cover the interest expense. 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 Exela 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.
Exela Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -163.45 | -173.88 | -168.05 | -164.87 | -139.66 |
Exela 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 | -44.18 | -45.09 | -24.71 | -25.68 | -21.09 |
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 $-117 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.
Exela Technologies (NAS:XELA) 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.
Exela Technologies's Interest Expense for the three months ended in Mar. 2024 was $-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,072 Mil.
Exela 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 | * | 0.071 | / | -21.088 | |
= | 0.00 |
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Exela Technologies Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
Matt Brown | officer: Interim CFO | 2701 E. GRAUWYLER RD., IRVING TX 75061 |
Shrikant Sortur | officer: Senior VP, Global Finance | 42579 BEECHWOOD DR, STERLING HEIGHTS MI 48314 |
Srinivasan Murali | officer: President, Americas and APAC | C/O EXELA TECHNOLOGIES, INC., 2701 E. GRAUWLER RD., IRVING TX 75038 |
Vitalie Robu | officer: President, EMEA | C/O EXELA TECHNOLOGIES, INC., 2701 E. GRAUWYLER RD., IRVING TX 75038 |
Mark D. Fairchild | officer: President, Europe | 2701 E. GRAUWYLER ROAD, IRVING TX 75061 |
William L Transier | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Par Chadha | director, 10 percent owner | |
Marc A Beilinson | director | 10100 SANTA MONICA BLVD STE. 1100, LOS ANGELES CA 90067 |
Sharon Chadha | director, 10 percent owner | 3003 PENNSYLVANIA AVENUE, SANTA MONICA CA 90404 |
Apollo Management Holdings Gp, Llc | 10 percent owner | 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Delos Capital Management, Lp | 10 percent owner | 120 FIFTH AVENUE, THIRD FLOOR, NEW YORK NY 10011 |
Delos Investment Fund, Lp | 10 percent owner | 120 FIFTH AVENUE, 3RD FLOOR, NEW YORK NY 10011 |
Matthew Constantino | 10 percent owner | 120 FIFTH AVENUE, 3RD FLOOR, NEW YORK NY 10011 |
Clark Coley | director | 4055 VALLEY VIEW LANE, SUITE 1000, DALLAS TX 75244 |
Martin P. Akins | director | ONE EXPRESS WAY, ST. LOUIS MO 63121 |
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