NGMDF (NuGen Medical Devices) Interest Expense : $-1.26 Mil (TTM As of Sep. 2024)

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What is NuGen Medical Devices Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NuGen Medical Devices's interest expense for the three months ended in Sep. 2024 was $ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.26 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. NuGen Medical Devices's Operating Income for the three months ended in Sep. 2024 was $ -1.58 Mil. NuGen Medical Devices's Interest Expense for the three months ended in Sep. 2024 was $ -0.24 Mil. NuGen Medical Devices 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.

NuGen Medical Devices Interest Expense Historical Data

The historical data trend for NuGen Medical Devices'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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NuGen Medical Devices Interest Expense Chart

NuGen Medical Devices Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.53

-0.96

-0.74

-0.92

NuGen Medical Devices Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial												-0.16	-0.23	-0.23	-0.56	-0.24

NuGen Medical Devices 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.26 Mil.

NuGen Medical Devices (OTCPK:NGMDF) 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.

NuGen Medical Devices's Interest Expense for the three months ended in Sep. 2024 was $-0.24 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-1.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $13.83 Mil.

NuGen Medical Devices's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

NuGen Medical Devices did not have earnings to cover the interest expense.

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

NuGen Medical Devices Business Description

Industry

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

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79O:Germany NGMD:Canada

Address

18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4

Website

https://www.nugenmd.com

NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needless injector devices. Geographically the company generates revenue from Europe followed by Asia, North America and others.