CCC Intelligent Solutions Holdings (FRA:0B1) Interest Expense : €-61.1 Mil (TTM As of Mar. 2024)

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What is CCC Intelligent Solutions Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CCC Intelligent Solutions Holdings's interest expense for the three months ended in Mar. 2024 was € -15.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-61.1 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. CCC Intelligent Solutions Holdings's Operating Income for the three months ended in Mar. 2024 was € 7.2 Mil. CCC Intelligent Solutions Holdings's Interest Expense for the three months ended in Mar. 2024 was € -15.1 Mil. CCC Intelligent Solutions Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.47. 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.

CCC Intelligent Solutions Holdings Interest Expense Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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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CCC Intelligent Solutions Holdings Interest Expense Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-80.53

-63.30

-52.21

-36.81

-58.30

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-12.92	-12.94	-13.71	-19.35	-15.14

CCC Intelligent Solutions Holdings 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 €-61.1 Mil.

CCC Intelligent Solutions Holdings (FRA:0B1) 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.

CCC Intelligent Solutions Holdings's Interest Expense for the three months ended in Mar. 2024 was €-15.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €7.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €750.7 Mil.

CCC Intelligent Solutions Holdings'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	*	7.173	/	-15.136
	=	0.47

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

CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » Interest Expense

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

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