Varex Imaging (Varex Imaging) Interest Expense : $-26.5 Mil (TTM As of Mar. 2024)

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What is Varex Imaging Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Varex Imaging's interest expense for the three months ended in Mar. 2024 was $ -6.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-26.5 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. Varex Imaging's Operating Income for the three months ended in Mar. 2024 was $ 7.7 Mil. Varex Imaging's Interest Expense for the three months ended in Mar. 2024 was $ -6.7 Mil. Varex Imaging's Interest Coverage for the quarter that ended in Mar. 2024 was 1.15. 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.

Varex Imaging Interest Expense Historical Data

The historical data trend for Varex Imaging'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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Varex Imaging Interest Expense Chart

Varex Imaging Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-21.10

-24.40

-38.60

-36.40

-26.70

Varex Imaging 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															-6.60	-6.70	-6.50	-6.60	-6.70

Varex Imaging 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 $-26.5 Mil.

Varex Imaging (NAS:VREX) 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.

Varex Imaging's Interest Expense for the three months ended in Mar. 2024 was $-6.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $465.3 Mil.

Varex Imaging'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	*	7.7	/	-6.7
	=	1.15

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

Varex Imaging (Varex Imaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Varex Imaging Corp (NAS:VREX) » Definitions » Interest Expense

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Traded in Other Exchanges

VI4:Germany

Address

1678 South Pioneer Road, Salt Lake City, UT, USA, 84104

Website

https://www.vareximaging.com

Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys among others. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors and high voltage connectors among others. It has manufacturing, research, and development operation in the United States, Europe, Philippines and China, and sales and service operations throughout the world.

Executives

Kimberley E. Honeysett	officer: Vice President and Secretary	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Jay K. Kunkel	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Ruediger Naumann-etienne	director
Kathleen Bardwell	director	9 BLACKBERRY DRIVE, HUDSON OH 44236
Sunny Sanyal	director, officer: President and CEO	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Kevin Bruce Yankton	officer: Controller & CAO	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Andrew Hartmann	officer: SVP Sales & Marketing, Medical	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Timothy E Guertin	director	C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Shubham Maheshwari	officer: Chief Financial Officer	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Brian W Giambattista	officer: SVP and GM, X-ray Detectors	1678 SOUTH PIONEER ROAD, SALT LAKE CITY UT 84104
Erich R Reinhardt	director	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Mark S. Jonaitis	officer: SVP and GM, X-Ray Sources	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Clarence R Verhoef	officer: SVP & Chief Financial Officer	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 95035
Rosebrough Walter M Jr	director	5960 HEISLEY ROAD, MENTOR OH 44060
Carl E. Lacasce	officer: SVP, Sales & Marketing	1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104