What is Treace Medical Concepts Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Treace Medical Concepts's interest expense for the
three
months ended in Mar. 2024 was $ -1.3 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.2 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. Treace Medical Concepts's Operating Income for the
three
months ended in Mar. 2024 was $ -19.0 Mil. Treace Medical Concepts's Interest Expense for the
three
months ended in Mar. 2024 was $ -1.3 Mil.
Treace Medical Concepts 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.
Treace Medical Concepts 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 $-5.2 Mil.
* 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.
Treace Medical Concepts (NAS:TMCI) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Treace Medical Concepts's Interest Expense for the
three
months ended in Mar. 2024 was $-1.3 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-19.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $69.2 Mil.
Treace Medical Concepts's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Treace Medical Concepts did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Treace Medical Concepts (Treace Medical Concepts) Business Description
Traded in Other Exchanges
N/A
Address
100 Palmetto Park Place, Ponte Vedra, FL, USA, 32081
Treace Medical Concepts Inc is a commercial-stage orthopaedic medical device company. It is focused on advancing the standard of care for the surgical management of bunion deformities. The company's patented Lapiplasty 3D Bunion Correction procedure is designed to reproducibly correct all planes of the bunion deformity and address the root cause of the bunion, while allowing patients to return to their active lives quickly. The Company operates and manages its business as one segment, which is the business of designing, manufacturing, and marketing medical devices for physicians, surgeons, ambulatory surgery centers, and hospitals.
Executives
| F Barry Bays |
director |
|
| Betsy Hanna |
director |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE RD #150, PONTE VEDRA BEACH FL 32081 |
| Deepti Jain |
director |
3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
| Sean F. Scanlan |
officer: See Remarks |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
| James T Treace |
director |
117 BRISTOL PLACE, PONTE VEDRA BEACH FL 32082 |
| Richard W Mott |
director |
1221 CROSSMAN AVENUE, SUNNYVALE CA 94089 |
| Thomas E Timbie |
director |
|
| Daniel E. Owens |
officer: Chief HR Officer |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
| Scot Michael Elder |
officer: *See "Remarks" |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
| Mark Hair |
officer: Chief Financial Officer |
C/O RESTORATION ROBOTICS, INC., 128 BAYTECH DRIVE, SAN JOSE CA 95134 |
| Aaron Berutti |
officer: Sr. VP, Sales |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
| John T. Treace |
director, 10 percent owner, officer: Chief Executive Officer |
C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
| Lance A Berry |
director |
5677 AIRLINE ROAD, ARLINGTON TN 38002 |
| Jane E Kiernan |
director |
525 W ROSCOE, CHICAGO IL 60657 |
| John R Treace |
director |
5677 AIRLINE RD, ARLINGTON VA 38002 |
Treace Medical Concepts (Treace Medical Concepts) Headlines
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