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COGNIZANT TECHNOLOGY SOLUTIONS CORP Interest Expense 2012-2024 | CTSH

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What is interest expense?

Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.

What is COGNIZANT TECHNOLOGY SOLUTIONS CORP's current interest expense?

COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) annual interest expense for 2023 was $41.0M, a 115.79% increase from 2022. COGNIZANT TECHNOLOGY SOLUTIONS CORP interest expense for the quarter ending September 30, 2024 was $14.0M.

What was COGNIZANT TECHNOLOGY SOLUTIONS CORP's interest expense in 2022?

COGNIZANT TECHNOLOGY SOLUTIONS CORP annual interest expense for 2022 was $19.0M, a 111.11% increase from 2021.

What was COGNIZANT TECHNOLOGY SOLUTIONS CORP's interest expense in 2021?

COGNIZANT TECHNOLOGY SOLUTIONS CORP annual interest expense for 2021 was $9.0M, a 62.50% decline from 2020.

What is COGNIZANT TECHNOLOGY SOLUTIONS CORP's 5-year interest expense CAGR?

COGNIZANT TECHNOLOGY SOLUTIONS CORP interest expense grew at a compound annual growth rate (CAGR) of 8.71% from FY2018 to FY2023, going from $27.0M to $41.0M over 5 years.

Interest Expense History

Year-over-year comparison from 10-K annual reports

Key Statistics
Trend Direction
Growing
CAGR+8.7%
FY2018
$27.0M
FY2023
$41.0M
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5 years selected
Interest Expense History
PeriodValueChangeSource
FY2023$41.0M+115.8%10-K
FY2022$19.0M+111.1%10-K
FY2021$9.0M-62.5%10-K
FY2020$24.0M-7.7%10-K
FY2019$26.0M-3.7%10-K
FY2018$27.0M+17.4%10-K
FY2017$23.0M+21.1%10-K
FY2016$19.0M+5.6%10-K
FY2015$18.0M+500.0%10-K
FY2014$3.0M-10-K
FY2013$0-10-K
FY2012$0-10-K
Company: COGNIZANT TECHNOLOGY SOLUTIONS CORPTicker: CTSHSector: TechnologyIndustry: Services-Computer Programming ServicesView company profile →