Extendicare (Extendicare) Interest Expense : $-16.0 Mil (TTM As of Dec. 2023)

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What is Extendicare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Extendicare's interest expense for the three months ended in Dec. 2023 was $ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.0 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. Extendicare's Operating Income for the three months ended in Dec. 2023 was $ 14.9 Mil. Extendicare's Interest Expense for the three months ended in Dec. 2023 was $ -3.6 Mil. Extendicare's Interest Coverage for the quarter that ended in Dec. 2023 was 4.10. 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.

Extendicare Interest Expense Historical Data

The historical data trend for Extendicare'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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Extendicare Interest Expense Chart

Extendicare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.82

-23.07

-17.69

-16.08

-16.10

Extendicare 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															-4.07	-4.18	-4.16	-4.05	-3.63

Extendicare 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 $-16.0 Mil.

Extendicare (OTCPK:EXETF) 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.

Extendicare's Interest Expense for the three months ended in Dec. 2023 was $-3.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $14.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $234.5 Mil.

Extendicare'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	*	14.896	/	-3.633
	=	4.10

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

Extendicare (Extendicare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Extendicare Inc (OTCPK:EXETF) » Definitions » Interest Expense

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Traded in Other Exchanges

5XE:Germany EXE:Canada

Address

3000 Steeles Avenue East, Suite 700, Markham, ON, CAN, L3R 9W2

Website

https://www.extendicare.com

Extendicare Inc is a senior care provider in Canada, focused on long-term care and home health care. The company has three main business segments namely Long-term Care, Home Health Care, and Managed Services. The Long-term Care segment, operating under the Extendicare brand, represents 53 owned homes in Ontario, Alberta and Manitoba. The Home Health Care segment, operating under the ParaMed brand, provides more than 9 million hours of home health care services annually in Ontario, Alberta, Manitoba and Nova Scotia. The Managed Services segment, operating under the Extendicare Assist and SGP Purchasing Partner Network brands, provides management, consulting and group purchasing services to other care providers across Canada.