Xero (XROLF) Interest Expense : $-22 Mil (TTM As of Mar. 2024)

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What is Xero Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xero's interest expense for the six months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22 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. Xero's Operating Income for the six months ended in Mar. 2024 was $ 192 Mil. Xero's Interest Expense for the six months ended in Mar. 2024 was $ -9 Mil. Xero's Interest Coverage for the quarter that ended in Mar. 2024 was 22.10. 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.

Xero Interest Expense Historical Data

The historical data trend for Xero'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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Xero Interest Expense Chart

Xero Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-18.19

-74.13

-25.55

-23.02

-22.41

Xero Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-10.24	-13.30	-9.71	-13.43	-8.71

Xero 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 semi-annually data reported by the company within the most recent 12 months, which was $-22 Mil.

Xero (OTCPK:XROLF) 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.

Xero's Interest Expense for the six months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the six months ended in Mar. 2024 was $192 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $725 Mil.

Xero'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	*	192.454	/	-8.708
	=	22.10

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

Xero (XROLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xero Ltd (OTCPK:XROLF) » Definitions » Interest Expense

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0XE:Germany XRO:Australia

Address

19-23 Taranaki Street, Te Aro, Wellington, NTL, NZL, 6011

Website

https://www.xero.com

Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom.

Xero (XROLF) Headlines

From GuruFocus

Xero announces CEO succession, Sukhinder Singh Cassidy appointed

By PRNewswire PRNewswire • 11-10-2022