Titan Medical (Titan Medical) Interest Expense : $-0.22 Mil (TTM As of Dec. 2023)

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What is Titan Medical Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titan Medical's interest expense for the three months ended in Dec. 2023 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.22 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. Titan Medical's Operating Income for the three months ended in Dec. 2023 was $ 0.43 Mil. Titan Medical's Interest Expense for the three months ended in Dec. 2023 was $ -0.04 Mil. Titan Medical's Interest Coverage for the quarter that ended in Dec. 2023 was 11.42. 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.

Titan Medical Interest Expense Historical Data

The historical data trend for Titan Medical'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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Titan Medical Interest Expense Chart

Titan Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.42

-1.09

-0.19

-0.15

-0.22

Titan Medical 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															-0.07	-0.08	-0.07	-0.04	-0.04

Titan Medical 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 $-0.22 Mil.

Titan Medical (OTCPK:TMDIF) 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.

Titan Medical's Interest Expense for the three months ended in Dec. 2023 was $-0.04 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.86 Mil.

Titan Medical'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	*	0.434	/	-0.038
	=	11.42

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

Titan Medical (Titan Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Titan Medical Inc (OTCPK:TMDIF) » Definitions » Interest Expense

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QTN:Germany TMD:Canada

Address

76 Berkeley Street, Toronto, ON, CAN, M5A 2W7

Website

https://www.titanmedicalinc.com

Titan Medical Inc is in the research and development stage and is focused on the continued design and development of robotic-assisted surgical technologies for application in minimally invasive surgery including the development of the Enos robotic single-access surgical system.