Envoy Medical (Envoy Medical) Interest Expense : $-0.04 Mil (TTM As of Mar. 2024)

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What is Envoy Medical Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Envoy Medical's interest expense for the three months ended in Mar. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.04 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. Envoy Medical's Operating Income for the three months ended in Mar. 2024 was $ -4.90 Mil. Envoy Medical's Interest Expense for the three months ended in Mar. 2024 was $ -0.04 Mil. Envoy Medical 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.

Envoy Medical Interest Expense Historical Data

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

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial				-	-	-	-	-0.04

Envoy Medical 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 $-0.04 Mil.

Envoy Medical (NAS:COCH) 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.

Envoy Medical's Interest Expense for the three months ended in Mar. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-4.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $5.20 Mil.

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

Envoy Medical did not have earnings to cover the interest expense.

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

Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.