Owens & Minor (Owens & Minor) Interest Expense : $-158 Mil (TTM As of Dec. 2023)

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What is Owens & Minor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Owens & Minor's interest expense for the three months ended in Dec. 2023 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-158 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. Owens & Minor's Operating Income for the three months ended in Dec. 2023 was $ 111 Mil. Owens & Minor's Interest Expense for the three months ended in Dec. 2023 was $ -37 Mil. Owens & Minor's Interest Coverage for the quarter that ended in Dec. 2023 was 3.00. 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.

Owens & Minor Interest Expense Historical Data

The historical data trend for Owens & Minor'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.

* Premium members only.

Owens & Minor Interest Expense Chart

Owens & Minor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-98.11

-83.40

-48.09

-128.89

-157.92

Owens & Minor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-41.16	-42.20	-40.73	-38.13	-36.86

Owens & Minor Interest Expense Calculation

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-158 Mil.

Owens & Minor (NYSE:OMI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Owens & Minor's Interest Expense for the three months ended in Dec. 2023 was $-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,113 Mil.

Owens & Minor's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110.759	/	-36.862
	=	3.00

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

Owens & Minor (Owens & Minor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Owens & Minor Inc (NYSE:OMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6OM:Germany

Address

9120 Lockwood Boulevard, Mechanicsville, VA, USA, 23116

Website

https://www.owens-minor.com

Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment includes the United States distribution business (Medical Distribution), outsourced logistics and value-added services business, and Global Products business which manufactures and sources medical surgical products through production and kitting operations. The Patient Direct segment includes home healthcare businesses (Byram and Apria).

Executives

Jonathan A Leon	officer: SVP, Corporate Treasurer	OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Perry A Bernocchi	officer: EVP & CEO Patient Direct	OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Heath H Galloway	officer: EVP,General Counsel & CorpSecy	OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Alexander J Bruni	officer: EVP, CFO	OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Edward A Pesicka	director, officer: President & CEO	9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Michael Wayne Lowry	other: & Interim Chief Acctg Officer	9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Snehashish Sarkar	other: Chief Information Officer	OWENS & MINOR INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Robert J Henkel	director	C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Carissa Rollins	director	5200 ILLUMINA WAY, SAN DIEGO CA 92122
Tammy L Gomez	officer: EVP, CHRO	OWENS & MINOR, INC., 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Jeffrey T Jochims	officer: EVP, Strategy & Solutions	OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Rita Johnson-mills	director	C/O BROOKDALE SENIOR LIVING INC., 111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027
Teresa L. Kline	director	C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025
Gwendolyn M Bingham	director	C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Daniel J Starck	officer: EVP, Pres. Patient Direct, other: & CEO, Apria	CORVEL CORPORATION, 2010 MAIN STREET, SUITE 600, IRVINE CA 92614