Palo Alto Networks (Palo Alto Networks) Interest Expense : $-5 Mil (TTM As of Apr. 2024)

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What is Palo Alto Networks Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palo Alto Networks's interest expense for the three months ended in Apr. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was $-5 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. Palo Alto Networks's Operating Income for the three months ended in Apr. 2024 was $ 177 Mil. Palo Alto Networks's Interest Expense for the three months ended in Apr. 2024 was $ -2 Mil. Palo Alto Networks's Interest Coverage for the quarter that ended in Apr. 2024 was 76.83. 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.

Palo Alto Networks Interest Expense Historical Data

The historical data trend for Palo Alto Networks'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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Palo Alto Networks Interest Expense Chart

Palo Alto Networks Annual Data

Trend

Jul14

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Jul23

Interest Expense

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-83.90

-85.20

-158.00

-20.20

-20.50

Palo Alto Networks Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-7.80	1.00	-1.90	-1.70	-2.30

Palo Alto Networks 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5 Mil.

Palo Alto Networks (NAS:PANW) 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.

Palo Alto Networks's Interest Expense for the three months ended in Apr. 2024 was $-2 Mil. Its Operating Income for the three months ended in Apr. 2024 was $177 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was $370 Mil.

Palo Alto Networks's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	176.7	/	-2.3
	=	76.83

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

Palo Alto Networks (Palo Alto Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palo Alto Networks Inc (NAS:PANW) » Definitions » Interest Expense

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Traded in Other Exchanges

PANW:Mexico 5AP:Germany 5AP:Germany PANW:Austria

Address

3000 Tannery Way, Santa Clara, CA, USA, 95054

Website

https://www.paloaltonetworks.com

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.

Executives

John Donovan	director	208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Nir Zuk	director, officer: CTO	3000 TANNERY WAY, SANTA CLARA CA 95054
John P. Key	director	3000 TANNERY WAY, SANTA CLARA CA 95054
Dipak Golechha	officer: EVP, Chief Financial Officer	3000 TANNERY WAY, SANTA CLARA CA 95054
Nikesh Arora	director, officer: Chief Executive Officer	3000 TANNERY WAY, SANTA CLARA CA 95054
Lee Klarich	officer: Chief Product Officer	4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Josh D. Paul	officer: Chief Accounting Officer	3000 TANNERY WAY, SANTA CLARA CA 95054
Jenkins William D Jr	officer: President	C/O PALO ALTO NETWORKS INC, 3000 TANNERY WAY, SANTA CLARA CA 95054
Aparna Bawa	director	C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113
Carl M. Eschenbach	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025
James J Goetz	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Mark D Mclaughlin	director, officer: President & CEO	C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Amit K. Singh	officer: President	3000 TANNERY WAY, SANTA CLARA CA 95054
Helene D Gayle	director	C/O COLGATE PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
Jean Compeau	officer: Chief Accounting Officer	3000 TANNERY WAY, SANTA CLARA CA 95054