Avinger (Avinger) Interest Expense : $-1.74 Mil (TTM As of Mar. 2024)

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What is Avinger Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avinger's interest expense for the three months ended in Mar. 2024 was $ -0.42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.74 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. Avinger's Operating Income for the three months ended in Mar. 2024 was $ -5.09 Mil. Avinger's Interest Expense for the three months ended in Mar. 2024 was $ -0.42 Mil. Avinger 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.

Avinger Interest Expense Historical Data

The historical data trend for Avinger'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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Avinger Interest Expense Chart

Avinger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.48

-1.69

-1.65

-1.67

-1.72

Avinger 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															-0.39	-0.45	-0.46	-0.43	-0.42

Avinger 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 $-1.74 Mil.

Avinger (NAS:AVGR) 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.

Avinger's Interest Expense for the three months ended in Mar. 2024 was $-0.42 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-5.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.84 Mil.

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

Avinger did not have earnings to cover the interest expense.

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

Avinger (Avinger) Business Description

Industry

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

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Address

400 Chesapeake Drive, Redwood City, CA, USA, 94063

Website

https://avinger.com

Avinger Inc is a United States-based medical device company. It is engaged in designing, manufacturing and selling image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease (PAD). The products offered by the firm include Lightbox imaging console, the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (CTO) and Pantheris, image-guided atherectomy device which is designed to allow physicians to precisely remove arterial plaque in PAD patients. It manufactures and sells products in the United States and internationally of which it generates the majority of the revenue from the sales made in the United States.

Executives

Crg Partners Iii (cayman) Unlev Aiv I L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii (cayman) Lev Aiv I L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii - Parallel Fund B (cayman) L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Cr Group L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii - Parallel Fund (a) L.p.	10 percent owner	C/O CAPITAL ROYALTY L.P., 1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Nabeel Paul Subainati	officer: Vice President, Finance	400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
James Cullen	director	5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Mark Weinswig	officer: Chief Financial Officer	EMCORE CORP, 10420 RESEARCH ROAD, SE, ALBUQUERQUE NM 87123
Himanshu Patel	officer: Chief Technology Officer	C/O AVINGER, INC., 400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
Jeffrey M Soinski	director, officer: President and CEO	585 WEST 500 SOUTH, BOUNTIFUL UT 84010
Tamara Elias	director	400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
Simpson John B Ph D Md	director, 10 percent owner	C/O FOXHOLLOW TECHNOLOGIES, INC., 740 BAY ROAD, REDWOOD CITY CA 94063
Matthew Ferguson	officer: CBO, CFO & Treasurer	C/O FOXHOLLOW TECHNOLOGIES, INC., 740 BAY ROAD, REDWOOD CITY CA 94063
John D. Simpson	officer: Sr. VP, Sales & Marketing	C/O AVINGER, INC., 400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063