trying to figure interest income and expense for this company but nothing adds up...
Hi guys, monkey trying to practice modeling here... Working on Dynatrace.
Was taught to separate Interest income from interest expense (not give net) in income statement (for projections)
NET Interest income is 37mm, but interest income from Cash & Equivalents was only 8.7mm... Where on earth is the other interest income and where do i find it lol.
PLease advise
Interest Income (Expense), Net
Interest income, net, was $37.3 million for the year ended March 31, 2024, compared to an expense of $3.4 million for the year ended March 31, 2023. The change was primarily the result of higher interest rates on our cash, cash equivalents, and investments coupled with lower interest expense due to the repayment of outstanding debt in fiscal year 2023.
The Company recorded interest income from its cash, cash equivalents, and investments of $8.7 million, $11.1 million, $0.2 million for the years ended March 31, 2024,
2023, and 2022, respectively.
Interest expense
For the years ended March 31, 2024, 2023, and 2022, the Company recognized S.4 million, $8.6 million, and $10.4 million in interest expense and amortization of debt issuance costs and original issuance discount, respectively.
No, the passage says: The Company recorded interest income from its cash, cash equivalents, and investments of $38.7 million, $11.1 million, $0.2 million for the years ended March 31, 2024, 2023, and 2022, respectively.
And the other passage says: For the years ended March 31, 2024, 2023, and 2022, the Company recognized $1.4 million, $8.6 million, and $10.4 million in interest expense and amortization of debt issuance costs and original issuance discount, respectively.
Maybe read it from the actual report rather than wherever you got this from...
Its from 10k, the 3 is just not visible but youre correct thanks sir
Expedita eum et rerum recusandae. Et distinctio sit et at debitis reprehenderit quibusdam. Voluptatum quaerat officiis dolorum reprehenderit et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...