Quest Diagnostics (FRA:QDI) Interest Expense : €-162 Mil (TTM As of Mar. 2024)

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What is Quest Diagnostics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quest Diagnostics's interest expense for the three months ended in Mar. 2024 was € -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-162 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. Quest Diagnostics's Operating Income for the three months ended in Mar. 2024 was € 276 Mil. Quest Diagnostics's Interest Expense for the three months ended in Mar. 2024 was € -45 Mil. Quest Diagnostics's Interest Coverage for the quarter that ended in Mar. 2024 was 6.12. 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.

Quest Diagnostics Interest Expense Historical Data

The historical data trend for Quest 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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Quest Diagnostics Interest Expense Chart

Quest Diagnostics Annual Data

Trend

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Interest Expense

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-162.00

-136.45

-134.52

-139.71

-149.47

Quest Diagnostics 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															-34.56	-36.00	-38.42	-42.18	-45.08

Quest 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-162 Mil.

Quest Diagnostics (FRA:QDI) 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.

Quest Diagnostics's Interest Expense for the three months ended in Mar. 2024 was €-45 Mil. Its Operating Income for the three months ended in Mar. 2024 was €276 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,950 Mil.

Quest Diagnostics'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	*	276	/	-45.08
	=	6.12

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

Quest Diagnostics (FRA:QDI) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Quest Diagnostics Inc (FRA:QDI) » Definitions » Interest Expense

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DGX:USA

Address

500 Plaza Drive, Secaucus, NJ, USA, 07094

Website

https://www.questdiagnostics.com

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.

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