Medical Facilities (Medical Facilities) Interest Expense : $-22.9 Mil (TTM As of Mar. 2024)

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What is Medical Facilities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Medical Facilities's interest expense for the three months ended in Mar. 2024 was $ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22.9 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. Medical Facilities's Operating Income for the three months ended in Mar. 2024 was $ 17.4 Mil. Medical Facilities's Interest Expense for the three months ended in Mar. 2024 was $ -8.6 Mil. Medical Facilities's Interest Coverage for the quarter that ended in Mar. 2024 was 2.02. 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.

Medical Facilities Interest Expense Historical Data

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

Medical Facilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.29

-26.38

-25.74

-12.89

-16.50

Medical Facilities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.54	-5.41	-6.51	-2.34	-8.64

Medical Facilities 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.9 Mil.

Medical Facilities (OTCPK:MFCSF) 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.

Medical Facilities's Interest Expense for the three months ended in Mar. 2024 was $-8.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $17.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $85.3 Mil.

Medical Facilities's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	17.402	/	-8.635
	=	2.02

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

Medical Facilities (Medical Facilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Facilities Corp (OTCPK:MFCSF) » Definitions » Interest Expense

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Traded in Other Exchanges

31F:Germany DR:Canada

Address

4576 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6N4

Website

https://www.medicalfacilitiescorp.ca

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services. Its key revenue source is from the facility service income. The corporation's operations are based in the United States.

Medical Facilities (Medical Facilities) Headlines

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