Company / Interest Expense
Cognizant Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$41.0M
FY2023
5-year range
$9.0M / $41.0M
FY2019-FY2023
Trend
+115.8%
vs FY2022
Sector context
#41 of 97
Information Technology
What the data says
At $41M, Cognizant's interest expense ranks #57 of 97 in the Information Technology sector. Increased from $9M to $41M over the past 2 years.
Based on SEC 10-K filings.
$41M in FY2023 with a 5-year CAGR of +8.7%.
Increased from $9M to $41M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +19.5%
- 5-Year CAGR
- +8.7%
- 10-Year CAGR
- -
Sector benchmark
#57 of 97 in Information TechnologyTop 58% of 97This company $41.0M Sector average $154.9M
▼
-73.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +8.7%, indicating consistent growth.
- In FY2023, interest expense increased 115.8% year-over-year.
- Ranks #41 out of 97 companies in the Information Technology sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 3.40 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $41.0M | +115.8% |
| FY2022 | $19.0M | +111.1% |
| FY2021 | $9.0M | -62.5% |
| FY2020 | $24.0M | -7.7% |
| FY2019 | $26.0M | -3.7% |
| FY2018 | $27.0M | +17.4% |
| FY2017 | $23.0M | +21.1% |
| FY2016 | $19.0M | +5.6% |
As of FY2023 · SEC 10-K · Updated Jul 4, 2026