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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Summit Therapeutics's interest expense for the three months ended in Dec. 2023 was $ -2.90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.46 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. Summit Therapeutics's Operating Income for the three months ended in Dec. 2023 was $ -36.25 Mil. Summit Therapeutics's Interest Expense for the three months ended in Dec. 2023 was $ -2.90 Mil. Summit Therapeutics 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.
The historical data trend for Summit Therapeutics'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.
Summit Therapeutics Annual Data | |||||||||||||||||||||
Trend | Jan14 | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -0.62 | -0.26 | -0.24 | -4.40 | -16.46 |
Summit Therapeutics Quarterly Data | ||||||||||||||||||||
Jan19 | Apr19 | Jul19 | Oct19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Expense | Get a 7-Day Free Trial | -2.90 | -8.33 | -2.52 | -2.72 | -2.90 |
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 $-16.46 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.
Summit Therapeutics (NAS:SMMT) 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.
Summit Therapeutics's Interest Expense for the three months ended in Dec. 2023 was $-2.90 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-36.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $103.29 Mil.
Summit Therapeutics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Summit Therapeutics 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.
Ankur Dhingra | officer: Chief Financial Officer | C/O CAREDX, INC., 1 TOWER PLACE, 9TH FLOOR, SOUTH SAN FRANCISCO CA 94080 |
Maky Zanganeh | director | 51 ADAM WAY, ATHERTON CA 94027 |
Manmeet Singh Soni | director | C/O PHARMACYCLICS, INC., 995 EAST ARQUES AVE, SUNNYVALE CA 94085 |
Robert W Duggan | director, 10 percent owner, officer: See Remarks | 611 SOUTH FORT HARRISON AVE, SUITE 306, CLEARWATER FL 33756 |
Yu Xia | director | 6 SHENNONG ROAD, TORCH DEVELOPMENT ZONE, ZHONGSHAN, GUANGDONG F4 528437 |
Robert F. Booth | director | C/O PHARMACYCLICS, INC., 995 EAST ARQUES AVENUE, SUNNYVALE CA 94085 |
Alessandra Cesano | director | 700 BALTIC CIRCLE, SUITE 716, REDWOOD CITY CA 94065 |
Urte Gayko | director | C/O PARMACYCLICS, INC., 995 EAST ARQUES AVENUE, SUNNYVALE CA 94085 |
Kenneth A Clark | director | C/O PHARMACYCLICS, INC., 995 EAST ARQUES AVE., SUNNYVALE CA 94085 |
Jeffrey R Maranian | officer: VP, Corporate Controller | C/O SUMMIT THERAPEUTICS INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Luhua Wang | director | ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
David Jonathan Powell | officer: Chief Scientific Officer | ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Camilla Graham | officer: Chief Clinical Affairs Officer | ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Ventzislav Stefanov | director, officer: See Remarks | ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Ujwala Mahatme | director | ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
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