N-able (N-able) Interest Expense : $-30.7 Mil (TTM As of Mar. 2024)

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What is N-able Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. N-able's interest expense for the three months ended in Mar. 2024 was $ -7.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-30.7 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. N-able's Operating Income for the three months ended in Mar. 2024 was $ 20.5 Mil. N-able's Interest Expense for the three months ended in Mar. 2024 was $ -7.6 Mil. N-able's Interest Coverage for the quarter that ended in Mar. 2024 was 2.69. 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.

N-able Interest Expense Historical Data

The historical data trend for N-able'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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N-able Interest Expense Chart

N-able Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.81

-28.14

-20.47

-18.85

-30.25

N-able Quarterly Data
	Dec18	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														-7.20	-7.53	-7.80	-7.72	-7.62

N-able 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 $-30.7 Mil.

N-able (NYSE:NABL) 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.

N-able's Interest Expense for the three months ended in Mar. 2024 was $-7.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $20.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $362.6 Mil.

N-able'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	*	20.491	/	-7.621
	=	2.69

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

N-able (N-able) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » N-able Inc (NYSE:NABL) » Definitions » Interest Expense

Comparable Companies

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Address

30 Corporate Drive, Suite 400, Burlington, MA, USA, 01803

Website

https://www.n-able.com

N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.

Executives

Peter C Anastos	officer: EVP, General Cnsl, Secretary	N-ABLE, INC., 301 EDGEWATER DRIVE, SUITE 306, WAKEFIELD MA 01880
John Pagliuca	director, officer: President and CEO	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Tim James O'brien	officer: EVP, Chief Financial Officer	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Frank Colletti	officer: Exec VP, Worldwide Sales	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Ann Johnson	director	C/O N-ABLE, INC., 301 EDGEWATER DRIVE #305, WAKEFIELD MA 01880
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