Fonar Corporation

NASDAQ FONR

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Fonar Corporation Interest Expense To Sales 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: -90.85%

Fonar Corporation Interest Expense To Sales 1 year YoY Change (%) is -90.85% for the Trailing 12 Months (TTM) ending March 31, 2024, a -562.44% change year over year. The interest expense to sales ratio is a financial metric that represents the proportion of a company's revenue that is used to cover its interest expenses. It is calculated by dividing the company's interest expense by its total revenue. This ratio indicates the financial burden of interest payments on the company's operating income. A higher ratio suggests that a significant portion of the company's revenue is being used to service interest obligations, potentially affecting its profitability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Fonar Corporation Interest Expense To Sales for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.38%, a -13.71% change year over year.
Fonar Corporation Interest Expense To Sales for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.44%, a 446.37% change year over year.
Fonar Corporation Interest Expense To Sales for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.08%, a -8.70% change year over year.
Fonar Corporation Interest Expense To Sales for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.09%, a -23.09% change year over year.

NASDAQ: FONR

Fonar Corporation

CEO	Mr. Timothy R. Damadian
IPO Date	Jan. 1, 1987
Location	United States
Headquarters	110 Marcus Drive, Melville, NY, United States, 11747
Employees	561
Sector	Healthcare
Industry	Diagnostics & research

Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

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