MedMira (MedMira) Interest Expense : $-0.78 Mil (TTM As of Jan. 2024)

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What is MedMira Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MedMira's interest expense for the three months ended in Jan. 2024 was $ -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-0.78 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. MedMira's Operating Income for the three months ended in Jan. 2024 was $ -0.27 Mil. MedMira's Interest Expense for the three months ended in Jan. 2024 was $ -0.17 Mil. MedMira 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.

MedMira Interest Expense Historical Data

The historical data trend for MedMira'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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MedMira Interest Expense Chart

MedMira Annual Data

Trend

Jul14

Jul15

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Jul19

Jul20

Jul21

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Jul23

Interest Expense

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-0.62

-0.54

-0.52

-0.43

-0.67

MedMira Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.09	-0.38	-0.13	-0.17

MedMira 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.78 Mil.

MedMira (OTCPK:MMIRF) 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.

MedMira's Interest Expense for the three months ended in Jan. 2024 was $-0.17 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $1.97 Mil.

MedMira's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

MedMira did not have earnings to cover the interest expense.

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

MedMira (MedMira) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » MedMira Inc (OTCPK:MMIRF) » Definitions » Interest Expense

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47M:Germany MIR:Canada

Address

155 Chain Lake Drive, Suite 1, Halifax, NS, CAN, B3S 1B3

Website

https://www.medmira.com

MedMira Inc is a biotechnology company that is engaged in the business of research, development, and manufacturing of rapid diagnostics and technologies. The company has one reportable operating segment, rapid diagnostic products and services. The product line of the company includes RevealHIV which detects antibodies to HIV-1 and HIV-2 in whole blood, serum or plasma; H Pylori which detects antibodies in serum, plasma, and whole blood; syphilis which detects treponema pallidum antibodies in serum, plasma, and whole blood; among other products. The company generates revenue geographically from North America, Europe, Asia pacific. The majority of the revenue is generated from North America.