OHCS (Optimus Healthcare Svcs) Interest Expense: $-1.63 Mil (TTM As of Sep. 2024)


What is Optimus Healthcare Svcs Interest Expense?

Optimus Healthcare Svcs OHCS Interest Expense is $-1.63 Mil as of Sep. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Optimus Healthcare Svcs's interest expense for the three months ended in Sep. 2024 was $ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.63 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. Optimus Healthcare Svcs's Operating Income for the three months ended in Sep. 2024 was $ -1.60 Mil. Optimus Healthcare Svcs's Interest Expense for the three months ended in Sep. 2024 was $ -0.21 Mil. Optimus Healthcare Svcs 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.

Optimus Healthcare Svcs  (OTCPK:OHCS) 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.

Optimus Healthcare Svcs's Interest Expense for the three months ended in Sep. 2024 was $-0.21 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-1.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.13 Mil.

Optimus Healthcare Svcs's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Optimus Healthcare Svcs 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.

Optimus Healthcare Svcs Interest Expense Historical Data

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The historical data trend for Optimus Healthcare Svcs'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.

Optimus Healthcare Svcs Interest Expense Chart

Optimus Healthcare Svcs Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec08 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -0.40 0.00 -0.82 -1.46 -1.77

Optimus Healthcare Svcs Quarterly Data
Sep03 Mar07 Jun07 Sep07 Mar08 Jun08 Sep08 Dec08 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.44 -0.54 -0.68 -0.20 -0.21

Optimus Healthcare Svcs 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 $-1.63 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 $-1.63 Mil mean?
Optimus Healthcare Svcs (OHCS) has a Interest Expense of $-1.63 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Optimus Healthcare Svcs and its competitors.
Is Optimus Healthcare Svcs' Interest Expense too high?
Optimus Healthcare Svcs' current Interest Expense is $-1.63 Mil.
How does Optimus Healthcare Svcs' Interest Expense compare to FOXO and OTRKQ?
Optimus Healthcare Svcs' Interest Expense of $-1.63 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 Optimus Healthcare Svcs and its competitors. Optimus Healthcare Svcs's current Interest Expense is $-1.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optimus Healthcare Svcs stock overvalued right now?
Optimus Healthcare Svcs (OHCS) has a current Interest Expense of $-1.63 Mil. The current Interest Expense is $-1.63 Mil. 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 Optimus Healthcare Svcs (OHCS), the current Interest Expense is $-1.63 Mil as of Sep. 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.

Optimus Healthcare Svcs Business Description

Address 1400 Old Country Road, Suite 306, Westbury, NY, USA, 11590
Optimus Healthcare Svcs Inc focuses on acquiring controlling interests in healthcare-related businesses. The company is dedicated to advancing access to clinical trial research and simplifying access to vaccines and pharmaceutical products. It currently operates through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker's Health Rx (d/b/a "Vitality Rx"). The vision is to grow by acquiring controlling interests in healthcare-related businesses with products and services that improve healthcare access and outcomes. Optimus aims to empower physicians and patients with information and tools for informed healthcare decisions.