Pro-Dex (Pro-Dex) Interest Expense : $-0.55 Mil (TTM As of Mar. 2024)

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What is Pro-Dex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pro-Dex's interest expense for the three months ended in Mar. 2024 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.55 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. Pro-Dex's Operating Income for the three months ended in Mar. 2024 was $ 2.21 Mil. Pro-Dex's Interest Expense for the three months ended in Mar. 2024 was $ -0.14 Mil. Pro-Dex's Interest Coverage for the quarter that ended in Mar. 2024 was 16.04. 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.

Pro-Dex Interest Expense Historical Data

The historical data trend for Pro-Dex'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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Pro-Dex Interest Expense Chart

Pro-Dex Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.22

-0.24

-0.35

-0.46

-0.53

Pro-Dex 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															-0.13	-0.14	-0.13	-0.14	-0.14

Pro-Dex 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 $-0.55 Mil.

Pro-Dex (NAS:PDEX) 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.

Pro-Dex's Interest Expense for the three months ended in Mar. 2024 was $-0.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $9.18 Mil.

Pro-Dex'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	*	2.213	/	-0.138
	=	16.04

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

Pro-Dex (Pro-Dex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Pro-Dex Inc (NAS:PDEX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PDXN:Germany

Address

2361 McGaw Avenue, Irvine, CA, USA, 92614

Website

https://www.pro-dex.com

Pro-Dex Inc is engaged in designing, developing, and manufacturing powered rotary drive surgical and dental instruments used primarily in the orthopedic, spine, maxocranial facial and dental markets. The company also designs and manufactures multi-axis motion control systems used in factory automation and scientific research markets. In addition, the company provides engineering consulting and placement services, as well as quality and regulatory consulting services. Most of the company's revenue is derived from designing, developing, and manufacturing surgical devices for the medical device and dental industries.

Executives

Angelita Rebamontan Domingo	director	1431 MADISON ST., TUSTIN CA 92782
Van Kirk Richard Lee Jr	director, officer: Chief Executive Officer	34 DEER CREEK, IRVINE CA 92604
Philp Katrina Marie Kramer	director	5501 NANTUCKET PL, MINNETONKA MN 55345
Farrell William James Iii	director	20200 COTTAGEWOOD RD, DEEPHAVEN MN 55331
Peter O. Haeg	10 percent owner	12701 WHITEWATER DR, SUITE 190, MINNETONKA MN 55343
Alisha Charlton	officer: Chief Financial Officer	25541 COMMERCENTRE DRIVE, LAKE FOREST CA 92630
Nicholas John Swenson	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Raymond E Cabillot	director	3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
David Hovda	director
Farnam Street Partners Lp /mn	10 percent owner	3033 EXCELSIOR BOULEVARD, MINNEAPOLIS, MINNEAPOLIS MN 55416
Ao Partners I, Lp	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
David Holder	director	1052 CHARWOOD LANE, SANTA ANA CA 92705
William L Healey	director	101 BULLITT LANE, STE 450, LOUISVILLE KY 40222
Michael J Berthelot	director	P O BOX 7277, RANCHO SANTA FE CA 92067
George J Isaac	director	36 WHISPER DRIVE, WORCESTER MA 01609