Cirrus Logic (LTS:0HYI) Interest Expense : $-1 Mil (TTM As of Mar. 2024)

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What is Cirrus Logic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cirrus Logic's interest expense for the three months ended in Mar. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-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. Cirrus Logic's Operating Income for the three months ended in Mar. 2024 was $ 52 Mil. Cirrus Logic's Interest Expense for the three months ended in Mar. 2024 was $ 0 Mil. GuruFocus does not calculate Cirrus Logic's interest coverage with the available data. 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.

Cirrus Logic Interest Expense Historical Data

The historical data trend for Cirrus Logic'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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Cirrus Logic Interest Expense Chart

Cirrus Logic Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.06

-0.95

-0.90

Cirrus Logic 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															-0.22	-0.22	-0.24	-0.24	-

Cirrus Logic 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 $-1 Mil.

Cirrus Logic (LTS:0HYI) 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.

Cirrus Logic's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $135 Mil.

Cirrus Logic's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Cirrus Logic's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cirrus Logic Inc has enough cash to cover all of its debt. Its financial situation is stable.

Cirrus Logic (LTS:0HYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (LTS:0HYI) » Definitions » Interest Expense

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CRUS:USA CRU:Germany

Address

800 West 6th Street, Austin, TX, USA, 78701

Website

https://www.cirrus.com

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.

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