GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Modelling Group Ltd (TSX:CMG) » Definitions » Interest Expense

Computer Modelling Group (TSX:CMG) Interest Expense : C$-1.9 Mil (TTM As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Computer Modelling Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Computer Modelling Group's interest expense for the three months ended in Mar. 2024 was C$ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.9 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. Computer Modelling Group's Operating Income for the three months ended in Mar. 2024 was C$ 8.3 Mil. Computer Modelling Group's Interest Expense for the three months ended in Mar. 2024 was C$ -0.5 Mil. Computer Modelling Group's Interest Coverage for the quarter that ended in Mar. 2024 was 16.10. 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.

Computer Modelling Group Interest Expense Historical Data

The historical data trend for Computer Modelling 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.

* Premium members only.

Computer Modelling Group Interest Expense Chart

Computer Modelling Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.13 -2.07 -2.00 -1.93 -1.91

Computer Modelling Group 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 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 -0.47 -0.47 -0.48 -0.44 -0.51

Computer Modelling 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.9 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.

Computer Modelling Group  (TSX:CMG) 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.

Computer Modelling Group's Interest Expense for the three months ended in Mar. 2024 was C$-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$8.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$34.4 Mil.

Computer Modelling Group'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*8.277/-0.514
=16.10

* 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.

Computer Modelling Group (TSX:CMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Modelling Group Ltd (TSX:CMG) » Definitions » Interest Expense
Comparable Companies
TSX:DND TSX:TCS TSX:THNC TSX:DTOL NEOE:ABXX TSX:BLN TSX:SYZ TSX:WNDR TSXV:TCXT TSX:XTRA CRM XTER:SAP INTU NOW UBER SHOP CDNS WDAY ROP TSX:CSU
Traded in Other Exchanges
CMDXF:USA
Address
3710 33 Street N.W., Calgary, AB, CAN, T2L 2M1
Website
https://www.cmgl.ca
Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
Executives
Robert David Hicks Senior Officer