The above graph represents the IBM cost of financing by quarter, starting from fiscal Q1 2006 to the recently completed quarter. The total cost of financing declined a notable 31.4% YoY during the first quarter of 2020, to just $181 million. When compared to the previous quarter, the company recorded 7.2% decline in its Q1’20 financing cost.
The cost of financing accounted for 1.88% of IBM’s total cost of goods sold during Q1 2020.
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
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