Bridgemarq Real Estate Services (Bridgemarq Real Estate Services) Interest Expense : $-6.86 Mil (TTM As of Mar. 2024)

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What is Bridgemarq Real Estate Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bridgemarq Real Estate Services's interest expense for the three months ended in Mar. 2024 was $ -1.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.86 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. Bridgemarq Real Estate Services's Operating Income for the three months ended in Mar. 2024 was $ 3.01 Mil. Bridgemarq Real Estate Services's Interest Expense for the three months ended in Mar. 2024 was $ -1.95 Mil. Bridgemarq Real Estate Services's Interest Coverage for the quarter that ended in Mar. 2024 was 1.54. 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.

Bridgemarq Real Estate Services Interest Expense Historical Data

The historical data trend for Bridgemarq Real Estate Services'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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Bridgemarq Real Estate Services Interest Expense Chart

Bridgemarq Real Estate Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.71

-6.88

-6.85

-6.46

-6.54

Bridgemarq Real Estate Services 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															-1.60	-1.65	-1.62	-1.63	-1.95

Bridgemarq Real Estate Services 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 $-6.86 Mil.

Bridgemarq Real Estate Services (OTCPK:BREUF) 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.

Bridgemarq Real Estate Services's Interest Expense for the three months ended in Mar. 2024 was $-1.95 Mil. Its Operating Income for the three months ended in Mar. 2024 was $3.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $60.60 Mil.

Bridgemarq Real Estate Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3.005	/	-1.954
	=	1.54

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. Bridgemarq Real Estate Services Inc interest coverage is 1.92, which is low.

Bridgemarq Real Estate Services (Bridgemarq Real Estate Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bridgemarq Real Estate Services Inc (OTCPK:BREUF) » Definitions » Interest Expense

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Traded in Other Exchanges

BG8:Germany BRE:Canada

Address

39 Wynford Drive, Toronto, ON, CAN, M3C 3K5

Website

https://www.bridgemarq.com

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company's brands include Royal LePage and Via Capitale and Johnston and Daniel.