Algoma Central (Algoma Central) Interest Expense : $-12.7 Mil (TTM As of Mar. 2024)

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What is Algoma Central Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Algoma Central's interest expense for the three months ended in Mar. 2024 was $ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.7 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. Algoma Central's Operating Income for the three months ended in Mar. 2024 was $ -21.1 Mil. Algoma Central's Interest Expense for the three months ended in Mar. 2024 was $ -3.2 Mil. Algoma Central 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.

Algoma Central Interest Expense Historical Data

The historical data trend for Algoma Central'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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Algoma Central Interest Expense Chart

Algoma Central Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-14.25

-14.29

-14.94

-13.85

-12.97

Algoma Central 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															-3.43	-3.58	-3.23	-2.71	-3.21

Algoma Central 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 $-12.7 Mil.

Algoma Central (OTCPK:AGMJF) 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.

Algoma Central's Interest Expense for the three months ended in Mar. 2024 was $-3.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-21.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $237.5 Mil.

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

Algoma Central did not have earnings to cover the interest expense.

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

Algoma Central (Algoma Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (OTCPK:AGMJF) » Definitions » Interest Expense

Traded in Other Exchanges

ACH:Germany ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.