Avid Technology (Avid Technology) Interest Expense : $-16.2 Mil (TTM As of Sep. 2023)

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What is Avid Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avid Technology's interest expense for the three months ended in Sep. 2023 was $ -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-16.2 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. Avid Technology's Operating Income for the three months ended in Sep. 2023 was $ -2.4 Mil. Avid Technology's Interest Expense for the three months ended in Sep. 2023 was $ -5.1 Mil. Avid Technology 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.

Avid Technology Interest Expense Historical Data

The historical data trend for Avid Technology'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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Avid Technology Interest Expense Chart

Avid Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-23.47

-26.71

-20.07

-7.16

-9.40

Avid Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-2.74	-3.23	-3.72	-4.21	-5.06

Avid Technology 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.2 Mil.

Avid Technology (NAS:AVID) 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.

Avid Technology's Interest Expense for the three months ended in Sep. 2023 was $-5.1 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $222.4 Mil.

Avid Technology's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Avid Technology did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Avid Technology Inc interest coverage is 1.39, which is low.

Avid Technology (Avid Technology) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Blue Sky Drive, Burlington, MA, USA, 01803

Website

https://www.avid.com

Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.

Executives

Kenneth L Gayron	officer: EVP & Chief Financial Officer	75 NETWORK DRIVE, BURLINGTON MA 34212
Timothy Claman	officer: SVP & GM Video Post & Storage	75 NETWORK DRIVE, BURLINGTON MA 01803
Cordiner Tom J. A.	officer: SVP of Global Sales	PINEWOOD ROAD, IVER HEATH, BUCKINGHAMSHIRE, ENGLAND X0 01803
David Toomey	officer: SVP & GM Audio and Music	75 NETWORK DRIVE, BURLINGTON MA 01830
Mariesa Victoria	officer: VP & Chief Accounting Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Christian Asmar	director	152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Dana Ruzicka	officer: VP, Chief Product Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Nancy Hawthorne	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Robert M Bakish	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lior Netzer	officer: SVP & GM, Media & Cloud	75 NETWORK DRIVE, BURLINGTON MA 01803
Kevin W. Riley	officer: Chief Technology Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Garrard Brown	officer: Chief Accounting Officer, other: Principal Accounting Officer	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Jason A Duva	officer: Senior VP & General Counsel, other: Corporate Secretary	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lauren Taylor Wolfe	10 percent owner	3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc	10 percent owner	152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019