Company / Interest Expense
Seagate Technology Interest Expense History
FY2015-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$313.0M
FY2023
5-year range
$201.0M / $313.0M
FY2019-FY2023
Trend
+25.7%
vs FY2022
Sector context
#13 of 97
Information Technology
What the data says
Seagate Technology's interest expense of $313M is higher than 87% of companies in the Information Technology sector (FY2023). Interest Expense has increased for 3 consecutive years, from $201M in FY2020 to $313M in FY2023.
Based on SEC 10-K filings.
$313M in FY2023 with a 5-year CAGR of +6.9%. Top quartile in the Information Technology sector.
Increased from $220M to $313M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +15.9%
- 5-Year CAGR
- +6.9%
- 10-Year CAGR
- -
Sector benchmark
+102.1% above sector average
Key checks
Key Insights
- Seagate Technology's interest expense has grown for 3 consecutive years.
- 5-year CAGR of +6.9%, indicating consistent growth.
- In FY2023, interest expense increased 25.7% year-over-year.
- Ranks #13 out of 97 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | - | - |
| FY2023 | $313.0M | +25.7% |
| FY2022 | $249.0M | +13.2% |
| FY2021 | $220.0M | +9.5% |
| FY2020 | $201.0M | -10.3% |
| FY2019 | $224.0M | +0.0% |
| FY2018 | $224.0M | -5.1% |
| FY2017 | $236.0M | +22.3% |
| FY2016 | $193.0M | -6.8% |
| FY2015 | $207.0M | +6.2% |
As of FY2023 · SEC 10-K · Updated Jul 6, 2026