HTGMQ (HTG Molecular Diagnostics) Interest Expense: $-0.75 Mil (TTM As of Mar. 2023)


HTGMQ HTG Molecular Diagnostics Inc HTGMQ
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What is HTG Molecular Diagnostics Interest Expense?

HTG Molecular Diagnostics HTGMQ 12 Interest Expense is $-0.75 Mil as of Mar. 2023. GuruFocus rates HTGMQ with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HTG Molecular Diagnostics's interest expense for the three months ended in Mar. 2023 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.75 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. HTG Molecular Diagnostics's Operating Income for the three months ended in Mar. 2023 was $ -5.01 Mil. HTG Molecular Diagnostics's Interest Expense for the three months ended in Mar. 2023 was $ -0.14 Mil. HTG Molecular Diagnostics 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.

HTG Molecular Diagnostics  (OTCPK:HTGMQ) 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.

HTG Molecular Diagnostics's Interest Expense for the three months ended in Mar. 2023 was $-0.14 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-5.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $0.42 Mil.

HTG Molecular Diagnostics's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

HTG Molecular Diagnostics 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.

HTG Molecular Diagnostics Interest Expense Historical Data

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The historical data trend for HTG Molecular Diagnostics'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.

HTG Molecular Diagnostics Interest Expense Chart

HTG Molecular Diagnostics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.90 -0.96 -1.03 -1.07 -0.86

HTG Molecular Diagnostics Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -0.24 -0.20 -0.17 -0.14
HTGMQ
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HTG Molecular Diagnostics Inc HTGMQ
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HTG Molecular Diagnostics 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.75 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.75 Mil mean?
HTG Molecular Diagnostics (HTGMQ) has a Interest Expense of $-0.75 Mil as of Mar. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on HTG Molecular Diagnostics and its competitors.
Is HTG Molecular Diagnostics' Interest Expense too high?
HTG Molecular Diagnostics' current Interest Expense is $-0.75 Mil. Overall, HTG Molecular Diagnostics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HTG Molecular Diagnostics' Interest Expense compare to ABMC and TMO?
HTG Molecular Diagnostics' Interest Expense of $-0.75 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Medical Diagnostics & Research company?
A good Interest Expense depends on the Medical Diagnostics & Research industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on HTG Molecular Diagnostics and its competitors. HTG Molecular Diagnostics's current Interest Expense is $-0.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTG Molecular Diagnostics stock overvalued right now?
HTG Molecular Diagnostics (HTGMQ) has a current Interest Expense of $-0.75 Mil. The current Interest Expense is $-0.75 Mil. HTG Molecular Diagnostics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For HTG Molecular Diagnostics (HTGMQ), the current Interest Expense is $-0.75 Mil as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HTG Molecular Diagnostics Business Description

Address 3430 E. Global Loop, Tucson, AZ, USA, 85706
HTG Molecular Diagnostics Inc is a life science company whose mission is to advance precision medicine through its transcriptome-wide profiling and medicinal chemistry technologies. The company derives revenue from sales of its HTG EdgeSeq system and integrated next-generation sequencing-based HTG EdgeSeq research use only assays and from sample processing services performed in its VERI/O laboratory. The company operates in one segment and its customers and distributors are located in the United States and Europe.
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