Cyxtera Technologies (Cyxtera Technologies) Interest Expense : $-167.1 Mil (TTM As of Mar. 2023)

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What is Cyxtera Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cyxtera Technologies's interest expense for the three months ended in Mar. 2023 was $ -45.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-167.1 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. Cyxtera Technologies's Operating Income for the three months ended in Mar. 2023 was $ -9.2 Mil. Cyxtera Technologies's Interest Expense for the three months ended in Mar. 2023 was $ -45.3 Mil. Cyxtera Technologies 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.

Cyxtera Technologies Interest Expense Historical Data

The historical data trend for Cyxtera Technologies'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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Cyxtera Technologies Interest Expense Chart

Cyxtera Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

-164.60

-154.80

-159.40

Cyxtera Technologies Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial						-37.60	-37.80	-40.10	-43.90	-45.30

Cyxtera Technologies 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-167.1 Mil.

Cyxtera Technologies (OTCPK:CYXTQ) 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.

Cyxtera Technologies's Interest Expense for the three months ended in Mar. 2023 was $-45.3 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $2,268.5 Mil.

Cyxtera Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Cyxtera Technologies did not have earnings to cover the interest expense.

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

Cyxtera Technologies (Cyxtera Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cyxtera Technologies Inc (OTCPK:CYXTQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2333 Ponce De Leon Boulevard, Suite 900, Coral Gables, FL, USA, 33134

Website

https://www.cyxtera.com

Cyxtera Technologies Inc is engaged in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services.

Executives

Jeffrey C Smith	director, 10 percent owner	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund L Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Scott D. Vogel	director	885 PARK AVENUE, NEW YORK NY 10075
Frederick Arnold	director	CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538
Roger Meltzer	director	80 PINE STREET, C/O CAHILL GORDON& REINDELL LLP, NEW YORK NY 10005
Benjamin Phillips	director	2 ALHAMBRA PLAZA, SUITE PH-1-B, CORAL GABLES FL 33134
James Randolph Rowland	officer: Chief Operating Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Victor Semah	officer: Chief Legal Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Carlos Ignacio Sagasta	officer: Chief Financial Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Fonseca Nelson A. Jr	director, officer: See Remarks	ONE BISCAYNE TOWER, 2 S. BISCAYNE BLVD, SUITE 2800, MIAMI FL 33131
Edmundo Miranda	officer: See Remarks	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Bcec-sis Holdings L.p.	10 percent owner	ARNOLD HOUSE PO BOX 273, ST JULIAN'S AVENUE, ST PETER PORT Y7 GY1 3RD
Gregory L Waters	director	ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Starboard Value L Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017