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Cyberonics Inc (NAS:CYBX)
Interest Expense
$-6.7 Mil (TTM As of Sep. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cyberonics Inc's interest expense for the three months ended in Sep. 2016 was $-3.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-6.7 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. Cyberonics Inc's Operating Income for the three months ended in Sep. 2016 was $23.0 Mil. Cyberonics Inc's Interest Expense for the three months ended in Sep. 2016 was $-3.5 Mil. Cyberonics Inc's interest coverage for the quarter that ended in Sep. 2016 was 6.58. 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.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Cyberonics Inc Interest Expense for the trailing twelve months (TTM) ended in Sep. 2016 was 0 (Dec. 2015 ) + -1.192 (Mar. 2016 ) + -1.978 (Jun. 2016 ) + -3.495 (Sep. 2016 ) = $-6.7 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.

Cyberonics Inc's interest expense for the three months ended in Sep. 2016 was $-3.5 Mil. Its operating income for the three months ended in Sep. 2016 was $23.0 Mil. And its Long-Term Debt for the three months ended in Sep. 2016 was $90.9 Mil.

Cyberonics Inc's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2016 )/Interest Expense (Q: Sep. 2016 )
=-1*22.985/-3.495
=6.58

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company’s financial strength is.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cyberonics Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
Interest Expense -3.0-5.9-5.8-3.4-1.4-0.4-0.3-0.1-0.0-0.0

Cyberonics Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Dec15Mar16Jun16Sep16
Interest Expense 0.00.00.0-0.00.00.00.0-1.2-2.0-3.5
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