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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Conmed's interest expense for the three months ended in Mar. 2024 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-39 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Conmed's Operating Income for the three months ended in Mar. 2024 was $ 35 Mil. Conmed's Interest Expense for the three months ended in Mar. 2024 was $ -10 Mil. Conmed's Interest Coverage for the quarter that ended in Mar. 2024 was 3.65. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Conmed's Interest Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conmed Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -42.70 | -44.05 | -35.49 | -28.91 | -39.78 |
Conmed Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -10.26 | -10.00 | -10.02 | -9.50 | -9.59 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conmed (NYSE:CNMD) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Conmed's Interest Expense for the three months ended in Mar. 2024 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $990 Mil.
Conmed's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 35.013 | / | -9.594 | |
= | 3.65 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Peters Stanley W Iii | officer: VP GM General Surgery | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Todd W. Garner | officer: Executive Vice President & CFO | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Edward A. Clifford | officer: VP Global Manufacturing | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Curt R Hartman | director | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
John D. Ferrell | officer: Executive Vice President - HR | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Brian Concannon | director | HAEMONETICS CORP, 400 WOOD RD, BRAINTREE MA 02184-9144 |
Peter K Shagory | officer: EVP,STRAT & CORP DEVT | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Daniel Jonas | officer: Vice President/Legal Affairs, other: General Counsel | C/O CONMED CORP, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Terence M Berge | officer: VP Corp. Treasurer | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Johonna Marie Pelletier | officer: Treasurer and VP, Tax | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Jerome J. Lande | director | 1 WORLD TRADE CENTER, 85TH FLOOR, NEW YORK NY 10007 |
Brent Lalomia | officer: Vice President QA and RA | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
John Jed Kennedy | officer: VP GM GI | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Mark E Tryniski | director | C/O CONMED CORP., 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
Pat Beyer | officer: President-Conmed International | C/O CONMED CORPORATION, 11311 CONCEPT BOULEVARD, LARGO FL 33773 |
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