Chembio Diagnostics (Chembio Diagnostics) Interest Expense : $-2.81 Mil (TTM As of Dec. 2022)

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What is Chembio Diagnostics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chembio Diagnostics's interest expense for the three months ended in Dec. 2022 was $ -0.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-2.81 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. Chembio Diagnostics's Operating Income for the three months ended in Dec. 2022 was $ -3.30 Mil. Chembio Diagnostics's Interest Expense for the three months ended in Dec. 2022 was $ -0.64 Mil. Chembio Diagnostics did not have earnings to cover the interest expense. 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.

Chembio Diagnostics Interest Expense Historical Data

The historical data trend for Chembio Diagnostics'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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Chembio Diagnostics Interest Expense Chart

Chembio Diagnostics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.85

-2.84

-2.91

-2.81

Chembio Diagnostics Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-0.74	-0.73	-0.73	-0.71	-0.64

Chembio Diagnostics 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.81 Mil.

Chembio Diagnostics (NAS:CEMI) 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.

Chembio Diagnostics's Interest Expense for the three months ended in Dec. 2022 was $-0.64 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-3.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $5.51 Mil.

Chembio Diagnostics's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Chembio Diagnostics did not have earnings to cover the interest expense.

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

Chembio Diagnostics (Chembio Diagnostics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Chembio Diagnostics Inc (NAS:CEMI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

3661 Horseblock Road, Medford, NY, USA, 11763

Website

http://www.chembio.com

Chembio Diagnostics Inc is a company that develops, manufactures, and commercializes point-of-care diagnostic tests that detect infectious diseases. The products of the company include rapid tests for the detection of HIV 1/2 antibodies and a multiplex rapid test for the detection of HIV and syphilis antibodies. The company offered rapid medical tests that are offered in Africa, Asia, Europe, and the Middle East, Latin America and the United States, of which key revenue is derived from Latin America.

Executives

Perceptive Credit Advisors, Llc	10 percent owner	51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003
Joseph Edelman	10 percent owner	C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003
Perceptive Advisors Llc	10 percent owner	51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003
Leslie Teso-lichtman	director	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Charles Caso	officer: See remarks	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Paul Angelico	officer: See remarks	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Lawrence J. Steenvoorden	officer: See remarks	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
David William Bespalko	director	29 CEDAR DRIVE, ALLENDALE NJ 07401
David Acheson	director	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Richard Eberly	officer: See Remarks	3471 RIVER HILLS DRIVE, CINCINNATI OH 45244
John Gary Potthoff	director	6140 SPANISH OAKS CLUB BLVD., AUSTIN TX 78738
Javan Esfandiari	officer: Senior Vice President	3661 HORSEBLOCK ROAD, MEDFORD NY 11763
Robert Passas	officer: See Remarks	3661 HORSEBLOCK ROAD, MEDFORD NY 11763
Polan Mary Lake Ph D	director	STANFORD UNIVERSITY SCHOOL OF MEDICINE, 300 PASTAUR DR ROOM HH333, STANFORD CA 94305-5317
Neil A Goldman	officer: Executive VP and CFO	3661 HORSEBLOCK RD, MEDFORD NY 11763