Integer Holdings (Integer Holdings) Interest Expense : $-51 Mil (TTM As of Mar. 2024)

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What is Integer Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Integer Holdings's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-51 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. Integer Holdings's Operating Income for the three months ended in Mar. 2024 was $ 47 Mil. Integer Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. Integer Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 3.42. 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.

Integer Holdings Interest Expense Historical Data

The historical data trend for Integer Holdings'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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Integer Holdings Interest Expense Chart

Integer Holdings Annual Data

Trend

Dec14

Dec15

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Dec23

Interest Expense

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-52.55

-38.22

-31.63

-37.71

-54.63

Integer Holdings 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															-12.69	-11.46	-11.97	-13.95	-13.74

Integer Holdings 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 $-51 Mil.

Integer Holdings (NYSE:ITGR) 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.

Integer Holdings's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,226 Mil.

Integer Holdings'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	*	47.04	/	-13.74
	=	3.42

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

Integer Holdings (Integer Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Integer Holdings Corp (NYSE:ITGR) » Definitions » Interest Expense

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Traded in Other Exchanges

WGB:Germany

Address

5830 Granite Parkway, Suite 1150, Plano, TX, USA, 75024

Website

https://www.integer.net

Integer Holdings Corp is a manufacturer of medical device components used by original equipment manufacturers in the medical industry. The company also develops batteries used in nonmedical applications in the energy, military, and environmental markets. The firm organizes itself into two business segments based on the product type: medical and nonmedical. The medical segment uses the firm's technologies to produce components and finished medical devices, and it generates the vast majority of revenue. The company earns more than half of its revenue in the United States.

Executives

Donald J Spence	director	C/O OAKMONT ACQUISITION CORP., 33 BLOOMFIELD HILLS PARKWAY, SUITE 240, BLOOMFIELD HILLS MI 48304
Jean M. Hobby	director	10000 WEHRLE DRIVE, CLARENCE NY 14031
Jim Stephens	officer: President, CRM & Neuro	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Diron Smith	officer: VP, Interim CFO	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Joseph W Dziedzic	director	1801 BAYBERRY COURT, RICHMOND VA 23226
Pamela G Bailey	director	1200 G ST NW, STE 400, WASHINGTON DC 20005-3814
Jennifer M Bolt	officer: President, Electrochem	10000 WEHRLE DRIVE, CLARENCE NY 14031
Carter Houghton	officer: President, Electrochem	10000 WEHRLE DRIVE, CLARENCE NY 14031
Andrew Senn	officer: SVP, Strategy and Business Dev	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Marshall Mcalister C Ii	officer: SVP, Gen Counsel & Secretary	1801 BAYBERRY COURT, P.O. BOX 18100, RICHMOND VA 23226
Margaret Carthy	officer: SVP, Quality & Regulatory Affa	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Joseph F Flanagan	officer: EVP, Quality & Regulatory Affa	10000 WEHRLE DRIVE, CLARENCE NY 14031
Bill R Sanford	director	2617 BULRUSH LANE, NAPLES FL 34105
Anthony W Borowicz	officer: SVP Strategy,Corp Dev., IR	10000 WEHRLE DRIVE, CLARENCE NY 14031
Sheila Antrum	director	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024