Veeco Instruments (Veeco Instruments) Interest Expense

: $-11.8 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veeco Instruments's interest expense for the three months ended in Dec. 2023 was $ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-11.8 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. Veeco Instruments's Operating Income for the three months ended in Dec. 2023 was $ 24.2 Mil. Veeco Instruments's Interest Expense for the three months ended in Dec. 2023 was $ -3.1 Mil. Veeco Instruments's Interest Coverage for the quarter that ended in Dec. 2023 was 7.89. 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.

Veeco Instruments Interest Expense Historical Data

The historical data trend for Veeco Instruments'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.

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Veeco Instruments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.09

-24.74

-28.36

-11.51

-11.77

Veeco Instruments 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															-2.88	-2.88	-3.05	-2.78	-3.07

Veeco Instruments 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 $-11.8 Mil.

Veeco Instruments (NAS:VECO) 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.

Veeco Instruments's Interest Expense for the three months ended in Dec. 2023 was $-3.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $24.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $306.5 Mil.

Veeco Instruments'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	*	24.183	/	-3.065
	=	7.89

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

Veeco Instruments (Veeco Instruments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Veeco Instruments Inc (NAS:VECO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VEO:Germany VEO:Germany

Address

Terminal Drive, Plainview, NY, USA, 11803

Website

https://www.veeco.com

Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

Executives

William John Miller	director, officer: CEO	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John P Kiernan	officer: VP Finance & Corp. Controller	C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803
Dennis Thomas St	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mary Jane Raymond	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Susan Wilkerson	officer: SVP, Global Sales & Service	C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803
Adrian Devasahayam	officer: SVP - Product Line Development	C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Lena Nicolaides	director	1250 RELIANCE WAY, FREMONT CA 94539
Peter J Simone	director	17075 THORNMINT COURT, SANDIGO CA 92127
Sujeet Chand	director	ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Peter Porshnev	officer: SVP, Unified Engineering	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Shubham Maheshwari	officer: EVP, CFO & COO	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John R Peeler	officer: CEO	DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803
Kathleen A Bayless	director	1251 MCKAY DRIVE, SAN JOSE CA 95131
Roger D Mcdaniel	director	C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318
Susan Wang	director	40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538