What is Rackspace Technology Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rackspace Technology's interest expense for the
three
months ended in Dec. 2023 was $ -51 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-222 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. Rackspace Technology's Operating Income for the
three
months ended in Dec. 2023 was $ -11 Mil. Rackspace Technology's Interest Expense for the
three
months ended in Dec. 2023 was $ -51 Mil.
Rackspace Technology did not have earnings to cover the interest expense.
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.
Rackspace Technology 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-222 Mil.
* 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.
Rackspace Technology (NAS:RXT) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Rackspace Technology's Interest Expense for the
three
months ended in Dec. 2023 was $-51 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-11 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $3,275 Mil.
Rackspace Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Rackspace Technology did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Rackspace Technology (Rackspace Technology) Business Description
Traded in Other Exchanges
N/A
Address
1 Fanatical Place, City of Windcrest, San Antonio, TX, USA, 78218
Rackspace Technology Inc is an end-to-end multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross-Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building custom solutions.
Executives
| Srini Koushik |
officer: Chief Technology Officer |
1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
| Dharmendra Kumar Sinha |
officer: EVP, President, Public Cloud |
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
| Amar Maletira |
officer: President & CFO |
C/O VIAVI SOLUTIONS INC., 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035 |
| Mark A. Marino |
other: Vice President & CAO |
1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
| Casey L. Shilling |
officer: SVP - Chief Marketing Officer |
1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
| Rackspace Technology, Inc. |
director |
1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
| Anthony C. Roberts |
director |
1 FANATICAL PLACE, SAN ANTONIO TX 78218 |
| Betsy S Atkins |
director |
|
| Anthony Scott |
director |
25501 WEST VALLEY PARKWAY, OLATHE KS 66061 |
| Kellie Teal-guess |
officer: Chief Human Resources Officer |
1 FANATICAL PLACE, C/O RACKSPACE TECHNOLOGY, INC., SAN ANTONIO TX 78218 |
| Brian Lillie |
officer: EVP, President Private Cloud |
1485 BROOKMILL ROAD, LOS ALTOS CA 94024 |
| Naushaza Molu |
officer: EVP, Chief Financial Officer |
1 FANATICAL PLACE, SAN ANTONIO TX 78218 |
| Shashank Samant |
director |
6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
| Gregory S. Hrncir |
officer: SVP - Chief Operations Officer |
1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
| Timothy Campos |
director |
C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035 |
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