Paycor HCM (Paycor HCM) Interest Expense : $-4.7 Mil (TTM As of Mar. 2024)

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What is Paycor HCM Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paycor HCM's interest expense for the three months ended in Mar. 2024 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.7 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. Paycor HCM's Operating Income for the three months ended in Mar. 2024 was $ 7.5 Mil. Paycor HCM's Interest Expense for the three months ended in Mar. 2024 was $ -1.1 Mil. Paycor HCM's Interest Coverage for the quarter that ended in Mar. 2024 was 6.51. 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.

Paycor HCM Interest Expense Historical Data

The historical data trend for Paycor HCM'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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Paycor HCM Interest Expense Chart

Paycor HCM Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-1.78

-2.54

-0.54

-4.64

Paycor HCM Quarterly Data
	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												-1.97	-1.18	-1.24	-1.15	-1.15

Paycor HCM 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 $-4.7 Mil.

Paycor HCM (NAS:PYCR) 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.

Paycor HCM's Interest Expense for the three months ended in Mar. 2024 was $-1.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $14.0 Mil.

Paycor HCM'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	*	7.456	/	-1.146
	=	6.51

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

Paycor HCM (Paycor HCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycor HCM Inc (NAS:PYCR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4811 Montgomery Road, Cincinnati, OH, USA, 45212

Website

https://www.paycor.com

Paycor HCM provides payroll and human capital management solutions to small and midsize clients in the United States via a software-as-a-service model. Alongside core payroll functionality, the firm's platform offers a suite of HCM solutions including talent management and time and attendance software, third-party integration capabilities, and industry-specific configurations. The firm targets customers with 10-1,000 employees and had over 30,000 customers as of June 2023.

Executives

Alice L Geene	officer: See Remarks	500 W MADISON ST STE 1000, CHICAGO IL 60661
Jonathan Corr	director	ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Pride Aggregator, Lp	10 percent owner	PRIDE GP, INC., C/O APAX PARTNERS, LP, 601 LEXINGTON AVE., 53RD FLOOR, NEW YORK NY 10022
Adam Brooks Ante	officer: Chief Financial Officer	4811 MONTGOMERY RD., CINCINNATI OH 45212
Scott David Miller	director	3576 SAINT CHARLES PLACE, CINCINNATI OH 45208
Whitney Marilinn Bouck	director	4811 MONTGOMERY RD., CINCINNATI OH 45212
Pride Gp, Inc.	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Jeremy Rishel	director	234 1ST STREET, SAN FRANCISCO CA 94105
Ryan Norman Bergstrom	officer: Chief Product Officer	4811 MONTGOMERY RD., CINCINNATI OH 45212
Raul Jr. Villar	director, officer: Chief Executive Officer	4811 MONTGOMERY RD., CINCINNATI OH 45212
Sarah Kathryn Haines	officer: Chief Accounting Officer	4811 MONTGOMERY RD., CINCINNATI OH 45212
Charles Steven Mueller	officer: Chief Revenue Officer	4811 MONTGOMERY RD., CINCINNATI OH 45212
Steven A Collins	director	20 N. MERIDIAN STREET, SUITE 200, INDIANAPOLIS IN 46204
Kathleen Ann Burke	director	4811 MONTGOMERY ROAD, CINCINNATI OH 45212
Umang Kajaria	director	C/O DUCK CREEK TECHNOLOGIES, INC., 22 BOSTON WHARF ROAD, FLOOR 10, BOSTON MA 02210