RingCentral (RingCentral) Interest Expense : $-36 Mil (TTM As of Dec. 2023)

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What is RingCentral Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RingCentral's interest expense for the three months ended in Dec. 2023 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-36 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. RingCentral's Operating Income for the three months ended in Dec. 2023 was $ -45 Mil. RingCentral's Interest Expense for the three months ended in Dec. 2023 was $ -17 Mil. RingCentral 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.

RingCentral Interest Expense Historical Data

The historical data trend for RingCentral'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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RingCentral Interest Expense Chart

RingCentral Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.51

-49.28

-64.38

-4.81

-36.00

RingCentral Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.19	-2.21	-5.12	-12.16	-16.51

RingCentral 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

RingCentral (NYSE:RNG) 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.

RingCentral's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,554 Mil.

RingCentral's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

RingCentral did not have earnings to cover the interest expense.

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

RingCentral (RingCentral) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RingCentral Inc (NYSE:RNG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3RCA:Germany

Address

20 Davis Drive, Belmont, CA, USA, 94002

Website

https://www.ringcentral.com

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a standalone video meetings solution, and webinars.

Executives

Sonalee Elizabeth Parekh	officer: Chief Financial Officer	767 FIFTH AVENUE, NEW YORK NY 10153
Vladimir Shmunis	director, 10 percent owner, officer: CEO and Chairman	C/O RINGCENTRAL, INC., 20 DAVIS DRIVE, BELMONT CA 94002
John H Marlow	officer: SVP & General Counsel	C/O RINGCENTRAL, INC, 20 DAVIS DRIVE, BELMONT CA 94002
Vaibhav Agarwal	officer: Chief Accounting Officer	20 DAVIS DRIVE, BELMONT CA 94002
Mohammed Katibeh	officer: Chief Operating Officer	20 DAVIS DRIVE, BELMONT CA 94002
Tarek Robbiati	director	6200 SPRINT PARKWAY, OVERLAND PARK KS 66251
Sri Srinivasan	director	C/O ZUORA, INC., 101 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Mitesh Dhruv	officer: CFO	34601 CASCADES CIRCLE, UNION CITY CA 94587
Anand Eswaran	officer: President & COO	20 DAVIS DRIVE, BELMONT CA 94002
R Neil Williams	director	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Praful Shah	officer: SVP, Strategy	C/O RINGCENTRAL, INC., 1400 FASHION ISLAND BLVD, 7TH FLOOR, SAN MATEO CA 94404
Robert I Theis	director
Godfrey Sullivan	director	SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Arne Duncan	director	182 N. UNION AVENUE, FARMINGTON UT 84025
Allan C. Thygesen	director	20 DAVIS DRIVE, BELMONT CA 94002