Optiva (TSX:OPT) Interest Expense : C$-12.87 Mil (TTM As of Mar. 2024)

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What is Optiva Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Optiva's interest expense for the three months ended in Mar. 2024 was C$ -3.83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-12.87 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. Optiva's Operating Income for the three months ended in Mar. 2024 was C$ -4.05 Mil. Optiva's Interest Expense for the three months ended in Mar. 2024 was C$ -3.83 Mil. Optiva 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.

Optiva Interest Expense Historical Data

The historical data trend for Optiva'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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Optiva Interest Expense Chart

Optiva Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

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Dec23

Interest Expense

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-3.35

-5.08

-11.23

-11.92

-12.22

Optiva Quarterly Data
	Dec18	Mar19	Jun19	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															-3.24	-3.18	-3.29	-2.57	-3.83

Optiva 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 C$-12.87 Mil.

Optiva (TSX:OPT) 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.

Optiva's Interest Expense for the three months ended in Mar. 2024 was C$-3.83 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-4.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$137.62 Mil.

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

Optiva did not have earnings to cover the interest expense.

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

Optiva (TSX:OPT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » Interest Expense

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RKNEF:USA

Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.

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