IDEXX Laboratories (BSP:I1DX34) Interest Expense : R$-179 Mil (TTM As of Mar. 2024)

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What is IDEXX Laboratories Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IDEXX Laboratories's interest expense for the three months ended in Mar. 2024 was R$ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-179 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. IDEXX Laboratories's Operating Income for the three months ended in Mar. 2024 was R$ 1,489 Mil. IDEXX Laboratories's Interest Expense for the three months ended in Mar. 2024 was R$ -39 Mil. IDEXX Laboratories's Interest Coverage for the quarter that ended in Mar. 2024 was 37.79. 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.

IDEXX Laboratories Interest Expense Historical Data

The historical data trend for IDEXX Laboratories'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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IDEXX Laboratories Interest Expense Chart

IDEXX Laboratories Annual Data

Trend

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Interest Expense

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-127.47

-170.42

-168.56

-209.07

-203.74

IDEXX Laboratories 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															-68.37	-51.17	-42.71	-45.40	-39.40

IDEXX Laboratories 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 R$-179 Mil.

IDEXX Laboratories (BSP:I1DX34) 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.

IDEXX Laboratories's Interest Expense for the three months ended in Mar. 2024 was R$-39 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,489 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$3,609 Mil.

IDEXX Laboratories'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	*	1488.751	/	-39.395
	=	37.79

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

IDEXX Laboratories (BSP:I1DX34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » IDEXX Laboratories Inc (BSP:I1DX34) » Definitions » Interest Expense

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Traded in Other Exchanges

IDXX:USA IDXX:Mexico IX1:Germany IDXX:Austria

Address

One IDEXX Drive, Westbrook, ME, USA, 04092

Website

https://www.idexx.com

Idexx Laboratories primarily develops, manufactures, and distributes diagnostic products, equipment, and services for pets and livestock. Its key product lines include single-use canine and feline test kits that veterinarians can employ in the office, benchtop chemistry and hematology analyzers for test-panel analysis on-site, reference lab services, and tests to detect and manage disease in livestock. The firm also offers vet practice management software and consulting services to animal hospitals. Idexx gets close to 40% of its revenue from outside the United States.

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