MTY Food Group (MTY Food Group) Interest Expense : $-46.1 Mil (TTM As of Feb. 2024)

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What is MTY Food Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MTY Food Group's interest expense for the three months ended in Feb. 2024 was $ -11.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-46.1 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. MTY Food Group's Operating Income for the three months ended in Feb. 2024 was $ 28.1 Mil. MTY Food Group's Interest Expense for the three months ended in Feb. 2024 was $ -11.0 Mil. MTY Food Group's Interest Coverage for the quarter that ended in Feb. 2024 was 2.55. 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.

MTY Food Group Interest Expense Historical Data

The historical data trend for MTY Food Group'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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MTY Food Group Interest Expense Chart

MTY Food Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-13.33

-14.72

-9.87

-11.62

-46.36

MTY Food Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-11.83	-11.87	-12.02	-11.23	-11.01

MTY Food Group 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-46.1 Mil.

MTY Food Group (OTCPK:MTYFF) 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.

MTY Food Group's Interest Expense for the three months ended in Feb. 2024 was $-11.0 Mil. Its Operating Income for the three months ended in Feb. 2024 was $28.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $848.8 Mil.

MTY Food Group's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	28.104	/	-11.01
	=	2.55

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. MTY Food Group Inc interest coverage is 2.83, which is low.

MTY Food Group (MTY Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (OTCPK:MTYFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

MTY Food Group (MTY Food Group) Headlines

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