Conformis (Conformis) Interest Expense : $-2.42 Mil (TTM As of Jun. 2023)

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What is Conformis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Conformis's interest expense for the three months ended in Jun. 2023 was $ -0.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-2.42 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. Conformis's Operating Income for the three months ended in Jun. 2023 was $ -12.31 Mil. Conformis's Interest Expense for the three months ended in Jun. 2023 was $ -0.67 Mil. Conformis 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.

Conformis Interest Expense Historical Data

The historical data trend for Conformis'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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Conformis Interest Expense Chart

Conformis Annual Data

Trend

Dec13

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Dec15

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Dec18

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Dec22

Interest Expense

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-3.36

-2.94

-2.37

-3.50

-2.02

Conformis Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.45	-0.53	-0.59	-0.64	-0.67

Conformis 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.42 Mil.

Conformis (NAS:CFMS) 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.

Conformis's Interest Expense for the three months ended in Jun. 2023 was $-0.67 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-12.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $24.65 Mil.

Conformis's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Conformis did not have earnings to cover the interest expense.

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

Conformis (Conformis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Conformis Inc (NAS:CFMS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

600 Technology Park Drive, Billerica, MA, USA, 01821

Website

https://www.conformis.com

Conformis Inc is a United States-based medical technology company. It uses the iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are individually sized and shaped to fit each patient's anatomy. The company's iFit technology platform comprises three key elements which are iFit design, iFit printing, and iFit just-in-time delivery. It offers various partial and total knee replacement implants which include iTotal CR, iTotal PS, iDuo, and iUni. The company operates in the segment of the knee replacement market. Its total revenue is generated from the sale of its products to hospitals and other medical facilities. The majority of the company's revenue comes from the United States.

Executives

Christine Desrochers	officer: Fmr Interim CFO & Controller	600 TECHNOLOGY PARK DRIVE, 4TH FLOOR, BILLERICA MA 01821
Gary P Fischetti	director	600 TECHNOLOGY PARK DRIVE, 4TH FLOOR, BILLERICA MA 01821
Mark A Augusti	director, officer: FORMER PRESIDENT & CEO	40 WEST HIGHLAND PARK DRIVE NE, HUTCHINSON MN 55350
Denise E Pedulla	officer: FORMER CLO & SECRETARY	12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Philip W Johnston	director	C/O CONFORMIS INC, 600, BILLERICA MA 01821
Carrie Bienkowski	director	C/O CONFORMIS INC, 600 TECHNOLOGY PARK DRIVE, BILLERICA MA 01821
Robert S Howe	officer: CFO & TREASURER	C/O CONFORMIS INC, 600 TECHNOLOGY PARK DRIVE, BILLERICA MA 01821
J Brent Alldredge	officer: CLO & SECRETARY	C/O CONFORMIS INC, 600 TECHNOLOGY PARK DRIVE, BILLERICA MA 01821
Fallon Kenneth P Iii	director	5473 FOX HOLLOW DRIVE, NAPLES FL 34101
Erin Henry	officer: CORP CONTROLLER & INTERIM PAO	C/O CONFORMIS INC, 600 TECHNOLOGY PARK DRIVE, BILLERICA MA 01821
Frederick W Driscoll	officer: INTERIM CFO & INTERIM TREAS
Paul S Weiner	officer: Chief Financial Officer	C/O CONFORMIS INC, 28 CROSBY DRIVE, BEDFORD MA 01730
Archon Capital Management Llc	10 percent owner	1100 19TH AVENUE EAST, SEATTLE WA 98112
Patricia A Davis	officer: CLO & GENERAL COUNSEL	C/O CONFORMIS INC, 600 TECHNOLOGY PARK DRIVE, BILLERICA MA 02181
Bradley Langdale	director	C/O CONFORMIS, INC., 28 CROSBY DRIVE, BEDFORD MA 01730