Matrix IT (XTAE:MTRX) Interest Expense : ₪-63 Mil (TTM As of Mar. 2024)

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What is Matrix IT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Matrix IT's interest expense for the three months ended in Mar. 2024 was ₪ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-63 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. Matrix IT's Operating Income for the three months ended in Mar. 2024 was ₪ 111 Mil. Matrix IT's Interest Expense for the three months ended in Mar. 2024 was ₪ -13 Mil. Matrix IT's Interest Coverage for the quarter that ended in Mar. 2024 was 8.82. 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.

Matrix IT Interest Expense Historical Data

The historical data trend for Matrix IT'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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Matrix IT Interest Expense Chart

Matrix IT Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-26.61

-29.24

-28.16

-37.81

-69.37

Matrix IT 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															-15.84	-18.43	-16.73	-15.60	-12.54

Matrix IT 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 ₪-63 Mil.

Matrix IT (XTAE:MTRX) 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.

Matrix IT's Interest Expense for the three months ended in Mar. 2024 was ₪-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪523 Mil.

Matrix IT'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	*	110.678	/	-12.544
	=	8.82

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

Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Interest Expense

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.