North American Construction Group (North American Construction Group) Interest Expense : $-26.3 Mil (TTM As of Dec. 2023)

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What is North American Construction Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. North American Construction Group's interest expense for the three months ended in Dec. 2023 was $ -9.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-26.3 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. North American Construction Group's Operating Income for the three months ended in Dec. 2023 was $ 35.2 Mil. North American Construction Group's Interest Expense for the three months ended in Dec. 2023 was $ -9.9 Mil. North American Construction Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.57. 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.

North American Construction Group Interest Expense Historical Data

The historical data trend for North American Construction 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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North American Construction Group Interest Expense Chart

North American Construction Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.77

-13.85

-14.09

-17.27

-26.32

North American Construction Group 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															-5.51	-5.13	-5.56	-5.78	-9.88

North American Construction 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-26.3 Mil.

North American Construction Group (NYSE:NOA) 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.

North American Construction Group's Interest Expense for the three months ended in Dec. 2023 was $-9.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $35.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $464.1 Mil.

North American Construction Group'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	*	35.218	/	-9.876
	=	3.57

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

North American Construction Group (North American Construction Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North American Construction Group Ltd (NYSE:NOA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NOA:Canada

Address

27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8

Website

http://www.nacg.ca

North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies.

Executives

Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6