IONM (Assure Holdings) Interest Expense: $-2.67 Mil (TTM As of Jun. 2024)


IONM Assure Holdings Corp IONM
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What is Assure Holdings Interest Expense?

Assure Holdings IONM 12 Interest Expense is $-2.67 Mil as of Jun. 2024. GuruFocus rates IONM with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Assure Holdings's interest expense for the three months ended in Jun. 2024 was $ -0.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.67 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. Assure Holdings's Operating Income for the three months ended in Jun. 2024 was $ -1.30 Mil. Assure Holdings's Interest Expense for the three months ended in Jun. 2024 was $ -0.67 Mil. Assure Holdings 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.

Assure Holdings  (OTCPK:IONM) 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.

Assure Holdings's Interest Expense for the three months ended in Jun. 2024 was $-0.67 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.14 Mil.

Assure Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Assure Holdings 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.

Assure Holdings Interest Expense Historical Data

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The historical data trend for Assure Holdings'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.

Assure Holdings Interest Expense Chart

Assure Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.53 -1.08 -2.32 -2.71

Assure Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.66 -0.69 -0.69 -0.63 -0.67
IONM
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Assure Holdings Corp IONM
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Assure Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.67 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 $-2.67 Mil mean?
Assure Holdings (IONM) has a Interest Expense of $-2.67 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Assure Holdings and its competitors.
Is Assure Holdings' Interest Expense too high?
Assure Holdings' current Interest Expense is $-2.67 Mil. Overall, Assure Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Assure Holdings' Interest Expense compare to NHLG and HCA?
Assure Holdings' Interest Expense of $-2.67 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Interest Expense depends on the Healthcare Providers & Services 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 Assure Holdings and its competitors. Assure Holdings's current Interest Expense is $-2.67 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assure Holdings stock overvalued right now?
Assure Holdings (IONM) has a current Interest Expense of $-2.67 Mil. The current Interest Expense is $-2.67 Mil. Assure Holdings' 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 Assure Holdings (IONM), the current Interest Expense is $-2.67 Mil as of Jun. 2024. 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.

Assure Holdings Business Description

Address 7887 East Belleview Avenue, Suite 240, Denver, CO, USA, 80111
Assure Holdings Corp provides technical and professional intraoperative neuromonitoring (IONM) surgical support services for neurosurgery, spine, cardiovascular, orthopedic, ear, nose, and throat, and other surgical procedures that place the nervous system at risk.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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