Company / Interest Expense
CTS Corporation Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$3.3M
FY2023
5-year range
$2.1M / $3.3M
FY2019-FY2023
Trend
+52.0%
vs FY2022
Sector context
#78 of 90
Information Technology
What the data says
CTS Corporation's interest expense of $3M is lower than 87% of companies in the Information Technology sector (FY2023). Interest Expense has fluctuated over the past 8 years, ranging from $2M in FY2018 to $4M in FY2016.
Based on SEC 10-K filings.
$3M in FY2023 with a 5-year CAGR of +9.8%.
Increased from $2M to $3M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +0.6%
- 5-Year CAGR
- +9.8%
- 10-Year CAGR
- -
Sector benchmark
Top 13% in Information TechnologyTop 13% of 90This company $3.3M Sector average $170.2M
▼
-98.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +9.8%, indicating consistent growth.
- In FY2023, interest expense increased 52.0% year-over-year.
- Ranks #78 out of 90 companies in the Information Technology sector.
- Peak interest expense was recorded in FY2016.
Company context
Key Data Points
- Altman Z-Score 3.06 (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 | $3.3M | +52.0% |
| FY2022 | $2.2M | +3.8% |
| FY2021 | $2.1M | -35.5% |
| FY2020 | $3.3M | +23.6% |
| FY2019 | $2.6M | +27.0% |
| FY2018 | $2.1M | -37.6% |
| FY2017 | $3.3M | -9.7% |
| FY2016 | $3.7M | +40.9% |
As of FY2023 · SEC 10-K · Updated Jul 2, 2026