Rimini Street (Rimini Street) Interest Expense : $-5.5 Mil (TTM As of Mar. 2024)

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What is Rimini Street Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rimini Street's interest expense for the three months ended in Mar. 2024 was $ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.5 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. Rimini Street's Operating Income for the three months ended in Mar. 2024 was $ 6.3 Mil. Rimini Street's Interest Expense for the three months ended in Mar. 2024 was $ -1.3 Mil. Rimini Street's Interest Coverage for the quarter that ended in Mar. 2024 was 4.69. 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.

Rimini Street Interest Expense Historical Data

The historical data trend for Rimini Street'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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Rimini Street Interest Expense Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.40

-0.08

-1.55

-4.27

-5.52

Rimini Street 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															-1.34	-1.39	-1.41	-1.38	-1.34

Rimini Street 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 $-5.5 Mil.

Rimini Street (NAS:RMNI) 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.

Rimini Street's Interest Expense for the three months ended in Mar. 2024 was $-1.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $68.6 Mil.

Rimini Street'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	*	6.289	/	-1.341
	=	4.69

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

Rimini Street (Rimini Street) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (NAS:RMNI) » Definitions » Interest Expense

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Traded in Other Exchanges

0QH:Germany

Address

3993 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169

Website

https://www.riministreet.com

Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education.

Executives

Seth A. Ravin	director, 10 percent owner, officer: CEO and Chairman of the Board	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Michael L. Perica	officer: EVP & Chief Financial Officer	C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Steven Salaets	officer: CIO/CPO EVP GlSec/Facl/Qual/IA	C/O 3993 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Nancy Lyskawa	officer: SVP Global Client Onboarding	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Kevin Maddock	officer: SVP, Global Sales	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
David W. Rowe	officer: SVP & CMO	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Sebastian Grady	officer: President	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Brian Slepko	officer: SVP, Global Service Delivery	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Gerard Brossard	officer: Chief Operating Officer	1170 PEACHTREE STREET, ATLANTA GA 30309
Jay G Snyder	director	C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Katrinka Mccallum	director	139 TOWNSEND ST, SAN FRANCISCO CA 94107
Gpiac, Llc	10 percent owner	C/O GP INVESTMENTS ACQUISITION CORP., 150 E. 52ND STREET, SUITE 5003, NEW YORK NY 10022
Daniel B. Winslow	officer: SVP & General Counsel	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Adams Street Partners Llc	10 percent owner	ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807
Robin P. Murray	director, 10 percent owner	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169