Haemonetics (STU:HAZ) Interest Expense : €-12 Mil (TTM As of Mar. 2024)

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What is Haemonetics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Haemonetics's interest expense for the three months ended in Mar. 2024 was € -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-12 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. Haemonetics's Operating Income for the three months ended in Mar. 2024 was € 26 Mil. Haemonetics's Interest Expense for the three months ended in Mar. 2024 was € -6 Mil. Haemonetics's Interest Coverage for the quarter that ended in Mar. 2024 was 4.28. 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.

Haemonetics Interest Expense Historical Data

The historical data trend for Haemonetics'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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Haemonetics Interest Expense Chart

Haemonetics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-14.66

-14.14

-15.55

-13.66

-11.98

Haemonetics 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															-2.46	-1.91	-2.32	-1.79	-6.01

Haemonetics 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 €-12 Mil.

Haemonetics (STU:HAZ) 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.

Haemonetics's Interest Expense for the three months ended in Mar. 2024 was €-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was €26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €734 Mil.

Haemonetics'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	*	25.708	/	-6.007
	=	4.28

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

Haemonetics (STU:HAZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Haemonetics Corp (STU:HAZ) » Definitions » Interest Expense

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HAE:USA

Address

125 Summer Street, Boston, MA, USA, 02110

Website

https://www.haemonetics.com

Haemonetics Corp aims to improve patient care and reduce the cost of healthcare by providing medical products and solutions in the blood and plasma component collection, surgical suite, and hospital transfusion service spaces. As such, the company operates under three segments: plasma, blood center, and hospital. The company places primary emphasis on its plasma and hospital segments due to their robust growth potential, whereas the blood center segment tends to be constrained by higher competition. Product revenue is driven by demand for disposable blood component collection and processing sets and the related equipment needed for proper functionality.

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