GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Corporation of Canada (TSX:POW) » Definitions » Interest Expense
中文

Power of Canada (TSX:POW) Interest Expense : C$-737 Mil (TTM As of Dec. 2023)


View and export this data going back to 1936. Start your Free Trial

What is Power of Canada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Power of Canada's interest expense for the three months ended in Dec. 2023 was C$ -158 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-737 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. Power of Canada's Operating Income for the three months ended in Dec. 2023 was C$ 761 Mil. Power of Canada's Interest Expense for the three months ended in Dec. 2023 was C$ -158 Mil. Power of Canada's Interest Coverage for the quarter that ended in Dec. 2023 was 4.82. 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.


Power of Canada Interest Expense Historical Data

The historical data trend for Power of Canada'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.

* Premium members only.

Power of Canada Interest Expense Chart

Power of Canada Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -526.00 -528.00 -576.00 -645.00 -737.00

Power of Canada 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -201.00 -191.00 -186.00 -202.00 -158.00

Power of Canada 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 C$-737 Mil.

* 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.


Power of Canada  (TSX:POW) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Power of Canada's Interest Expense for the three months ended in Dec. 2023 was C$-158 Mil. Its EBIT for the three months ended in Dec. 2023 was C$761 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$17,491 Mil.

Power of Canada's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* EBIT (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*761/-158
=4.82

* 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.

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


Power of Canada (TSX:POW) Business Description

Address
751 Victoria Square, Montreal, QC, CAN, H2Y 2J3
Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

Power of Canada (TSX:POW) Headlines

No Headlines