Merit Medical Systems (Merit Medical Systems) Interest Expense

: $-16 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Merit Medical Systems's interest expense for the three months ended in Dec. 2023 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-16 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. Merit Medical Systems's Operating Income for the three months ended in Dec. 2023 was $ 33 Mil. Merit Medical Systems's Interest Expense for the three months ended in Dec. 2023 was $ -5 Mil. Merit Medical Systems's Interest Coverage for the quarter that ended in Dec. 2023 was 6.66. 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.

Merit Medical Systems Interest Expense Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.70

-9.99

-5.26

-6.34

-15.51

Merit Medical Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.16	-2.01	-3.68	-4.84	-4.98

Merit Medical Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16 Mil.

Merit Medical Systems (NAS:MMSI) 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.

Merit Medical Systems's Interest Expense for the three months ended in Dec. 2023 was $-5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $879 Mil.

Merit Medical Systems's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	33.139	/	-4.977
	=	6.66

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

Merit Medical Systems (Merit Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Merit Medical Systems Inc (NAS:MMSI) » Definitions » Interest Expense

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Traded in Other Exchanges

MM3:Germany

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. Majority of the revenue is earned from Cardiovascular segment. United States generates majority of the revenue.

Executives

F. Ann Millner	director	4275 SPRING ROAD, OGDEN UT 84403
Neil Peterson	officer: Chief Operating Officer	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
A Scott Anderson	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Michel James Voigt	officer: Chief Human Resources Officer	1600 W MERIT PARKWAY, SOUTH JORDAN UT 84095
Fred P Lampropoulos	director, officer: President & CEO
Lynne Ward	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Raul Jr. Parra	officer: Interim CFO	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Joseph Wright	officer: President, International	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Brian G. Lloyd	officer: Chief Legal Officer, Secretary	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Ronald Frost	officer: Chief Operating Officer	1600 WEST MERIT PARKWAY, SOUTH JORDAN X1 84095
Robert Fredericks	officer: Chief Strategy & Innovation O.	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
Laura S. Kaiser	director	10101 WOODFIELD LANE, ST. LOUIS MO 63132
Michael R Mcdonnell	director	C/O IQVIA HOLDINGS INC., 83 WOOSTER HEIGHTS ROAD, DANBURY CT 06810
Jill Anderson	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Stephen C. Evans	director	C/O ALARM.COM HOLDINGS, INC., 8281 GREENSBORO DRIVE, SUITE 100, TYSONS VA 22102