Change Healthcare (Change Healthcare) Interest Expense : $-232 Mil (TTM As of Jun. 2022)

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What is Change Healthcare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Change Healthcare's interest expense for the three months ended in Jun. 2022 was $ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-232 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. Change Healthcare's Operating Income for the three months ended in Jun. 2022 was $ 30 Mil. Change Healthcare's Interest Expense for the three months ended in Jun. 2022 was $ -57 Mil. Change Healthcare's Interest Coverage for the quarter that ended in Jun. 2022 was 0.54. 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.

Change Healthcare Interest Expense Historical Data

The historical data trend for Change Healthcare'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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Change Healthcare Interest Expense Chart

Change Healthcare Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Expense

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-16.65

-245.24

-234.24

Change Healthcare Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Expense	Get a 7-Day Free Trial														-59.39	-59.47	-58.43	-56.96	-56.87

Change Healthcare 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-232 Mil.

Change Healthcare (NAS:CHNG) 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.

Change Healthcare's Interest Expense for the three months ended in Jun. 2022 was $-57 Mil. Its Operating Income for the three months ended in Jun. 2022 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $4,535 Mil.

Change Healthcare's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	30.442	/	-56.87
	=	0.54

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Change Healthcare Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Change Healthcare (Change Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Change Healthcare Inc (NAS:CHNG) » Definitions » Interest Expense

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Address

424 Church Street, Suite 1400, Nashville, TN, USA, 37219

Website

https://www.changehealthcare.com

Change Healthcare is a spinoff of various healthcare processing and consulting services acquired by McKesson over numerous years. Recently, these processing assets were contributed to a joint venture and in June 2019 public shares were issued with McKesson retaining the majority interest. As of the end of the March 2020 quarter, McKesson distributed all its interest in the public processor. Core services consist of insurance (healthcare) claim clearinghouse for healthcare payers in addition to administrative and consulting services to assist healthcare providers improve reimbursement coding, billing, and collections.

Executives

Tracy Byers	officer: SVP and GM, Enterprise Imaging	C/O CHANGE HEALTHCARE INC. 424 CHURCH STREET, SUITE 1400 NASHVILLE TN 37219
Steven B. Martin	officer: EVP, Enterprise Technology	3055 LEBANON PIKE SUITE 1000 NASHVILLE TN 37214
Nella Domenici	director	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Paul Rareshide	officer: SVP, Corporate Controller	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Fredrik J Eliasson	officer: EVP & CFO	500 WATER STREET, JACKSONVILLE FL 32202
De Crescenzo Neil E.	director, officer: President & CEO	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Diana Mckenzie	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Roderick H. O'reilly	officer: See Remarks	C/O CHANGE HEALTHCARE INC., 3055 LEBANON PIKE, SUITE 1000, NASHVILLE TN 37214
August Calhoun	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Thomas Mcenery	officer: EVP & Chief Marketing Officer
Bansi Nagji	director	MCKESSON CORPORATION, 6555 STATE HIGHWAY 161, IRVING TX 75039
Alex P. Choy	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Linda Whitley-taylor	officer: EVP & Chief People Officer	C/O BENSON HILL, INC., 1001 NORTH WARSON ROAD, SAINT LOUIS MO 63132
Phillip W. Roe	director	20 BURTON HILLS BOULEVARD SUITE 100 NASHVILLE TN 37215
Kriten Joshi	officer: See Remarks	C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214