Canadian National Railway Co (Canadian National Railway Co) Interest Expense : $-536 Mil (TTM As of Dec. 2023)

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What is Canadian National Railway Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian National Railway Co's interest expense for the three months ended in Dec. 2023 was $ -148 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-536 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. Canadian National Railway Co's Operating Income for the three months ended in Dec. 2023 was $ 1,054 Mil. Canadian National Railway Co's Interest Expense for the three months ended in Dec. 2023 was $ -148 Mil. Canadian National Railway Co's Interest Coverage for the quarter that ended in Dec. 2023 was 7.11. 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.

Canadian National Railway Co Interest Expense Historical Data

The historical data trend for Canadian National Railway Co'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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Canadian National Railway Co Interest Expense Chart

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-408.54

-432.51

-476.56

-403.39

-538.16

Canadian National Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-112.62	-120.59	-130.21	-136.72	-148.33

Canadian National Railway Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-536 Mil.

Canadian National Railway Co (NYSE:CNI) 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.

Canadian National Railway Co's Interest Expense for the three months ended in Dec. 2023 was $-148 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,054 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $12,247 Mil.

Canadian National Railway Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1053.965	/	-148.33
	=	7.11

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

Canadian National Railway Co (Canadian National Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (NYSE:CNI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CNI:Mexico CY2:Germany CY2:Germany CNR:Canada CNIC34:Brazil

Address

935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9

Website

https://www.cn.ca

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.