Steris (BSP:S1TE34) Interest Expense : R$-710 Mil (TTM As of Mar. 2024)

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What is Steris Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steris's interest expense for the three months ended in Mar. 2024 was R$ -180 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-710 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. Steris's Operating Income for the three months ended in Mar. 2024 was R$ 1,351 Mil. Steris's Interest Expense for the three months ended in Mar. 2024 was R$ -180 Mil. Steris's Interest Coverage for the quarter that ended in Mar. 2024 was 7.51. 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.

Steris Interest Expense Historical Data

The historical data trend for Steris'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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Steris Interest Expense Chart

Steris Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-196.81

-209.51

-445.34

-577.30

-718.84

Steris 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															-157.71	-157.07	-182.44	-190.83	-179.79

Steris 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$-710 Mil.

Steris (BSP:S1TE34) 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.

Steris's Interest Expense for the three months ended in Mar. 2024 was R$-180 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,351 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$16,264 Mil.

Steris'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	*	1350.85	/	-179.786
	=	7.51

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

Steris (BSP:S1TE34) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Steris PLC (BSP:S1TE34) » Definitions » Interest Expense

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STE:USA

Address

5960 Heisley Road, Mentor, OH, USA, 44060

Website

https://www.steris-ir.com

Steris is an Ireland-domiciled medical device company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its 2015 inversion to Ireland, the firm continues to derive roughly 70% of revenue from its U.S. operations, 10% from the United Kingdom, and the remaining 20% from other international regions.

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