VeriSign (VeriSign) Interest Expense : $-75 Mil (TTM As of Mar. 2024)

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What is VeriSign Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VeriSign's interest expense for the three months ended in Mar. 2024 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-75 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. VeriSign's Operating Income for the three months ended in Mar. 2024 was $ 259 Mil. VeriSign's Interest Expense for the three months ended in Mar. 2024 was $ -19 Mil. VeriSign's Interest Coverage for the quarter that ended in Mar. 2024 was 13.77. 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.

VeriSign Interest Expense Historical Data

The historical data trend for VeriSign'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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VeriSign Interest Expense Chart

VeriSign Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-90.61

-90.14

-83.30

-75.30

VeriSign 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															-18.80	-18.90	-18.80	-18.80	-18.80

VeriSign 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 $-75 Mil.

VeriSign (NAS:VRSN) 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.

VeriSign's Interest Expense for the three months ended in Mar. 2024 was $-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was $259 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,791 Mil.

VeriSign'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	*	258.9	/	-18.8
	=	13.77

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

VeriSign (VeriSign) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VeriSign Inc (NAS:VRSN) » Definitions » Interest Expense

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Traded in Other Exchanges

VRSN:Mexico VRS:Germany VRS:Germany VRSN34:Brazil VRSN:Argentina

Address

12061 Bluemont Way, Reston, VA, USA, 20190

Website

https://www.verisign.com

Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.

Executives

D James Bidzos	director	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Danny R Mcpherson	officer: EVP- Engineering, Ops. & CSO	12061 BLUEMONT WAY, RESTON VA 20190
Thomas C Indelicarto	officer: SVP, Gen Counsel & Secretary	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Timothy Tomlinson	director	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Todd B Strubbe	officer: EVP and COO	VERISIGN, 12061 BLUEMONT WAY, RESTON VA 20190
Kathleen A Cote	director	12061 BLUEMONT WAY, RESTON VA 20190
Yehuda Ari Buchalter	director	12061 BLUEMONT WAY, RESTON VA 20190
Kilguss George E Iii	officer: EVP and CFO	C/O VERISIGN, INC., 12061 BLUEMONT WAY, RESTON VA 20190
Frist Thomas F Iii	director	3100 WEST END AVENUE SUITE 1225, NASHVILLE TN 37203
Armstrong Courtney D	director	12061 BLUEMONT WAY, RESTON VA 20190
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
Jamie S Gorelick	director	12061 BLUEMONT WAY, RESTON VA 20190
Richard H Goshorn	officer: SVP, GC and Secretary	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
John D Roach	director	PMI GROUP INC, 601 MONTGOMERY ST, SAN FRANCISCO CA 94111
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131