Concentrix (Concentrix) Interest Expense : $-249 Mil (TTM As of Feb. 2024)

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What is Concentrix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Concentrix's interest expense for the three months ended in Feb. 2024 was $ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-249 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. Concentrix's Operating Income for the three months ended in Feb. 2024 was $ 148 Mil. Concentrix's Interest Expense for the three months ended in Feb. 2024 was $ -82 Mil. Concentrix's Interest Coverage for the quarter that ended in Feb. 2024 was 1.80. 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.

Concentrix Interest Expense Historical Data

The historical data trend for Concentrix'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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Concentrix Interest Expense Chart

Concentrix Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-92.20

-48.31

-23.05

-70.08

-201.00

Concentrix Quarterly Data
	Nov18	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-33.99	-47.21	-49.29	-70.51	-82.44

Concentrix 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-249 Mil.

Concentrix (NAS:CNXC) 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.

Concentrix's Interest Expense for the three months ended in Feb. 2024 was $-82 Mil. Its Operating Income for the three months ended in Feb. 2024 was $148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $5,034 Mil.

Concentrix's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	148.439	/	-82.439
	=	1.80

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

Concentrix (Concentrix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (NAS:CNXC) » Definitions » Interest Expense

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CO8:Germany

Address

39899 Balentine Drive, Newark, CA, USA, 94560

Website

https://www.concentrix.com

Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.

Executives

Jane Fogarty	officer: EVP, Legal	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Dennis Polk	director	44201 NOBEL DRIVE, FREMONT CA 94538
Christopher A Caldwell	director, officer: President and CEO	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Olivier Duha	director	39899 BALENTINE DRIVE, STE 235, NEWARK CA 94560
Vi Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Sapiens S.a R.l.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
Gbl Verwaltung S.a.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
V Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Nicolas Gheysens	director	C/O GBL VERWALTUNG S.A., 19-21, ROUTE D'ARLON, STRASSUN N4 L-8009
Bruxelles Lambert Groupe	10 percent owner	24 AVENUE MARNIX, BRUSSELS C9 1000
Kathryn Hayley	director	C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601
Twomey Cormac J	officer: EVP, Global Ops & Delivery	201 EAST FOURTH STREET, CONVERGYS CORPORATION, CINCINNATI OH 45202
Peer Developments Ltd	10 percent owner	4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Matthew Miau	10 percent owner	44201 NOBEL DRIVE, FREMONT CA 94538
Silver Star Developments Ltd	10 percent owner	NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000