Information Services (TSX:ISV) Interest Expense : C$-14.3 Mil (TTM As of Dec. 2023)

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What is Information Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Information Services's interest expense for the three months ended in Dec. 2023 was C$ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-14.3 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. Information Services's Operating Income for the three months ended in Dec. 2023 was C$ 13.8 Mil. Information Services's Interest Expense for the three months ended in Dec. 2023 was C$ -6.5 Mil. Information Services's Interest Coverage for the quarter that ended in Dec. 2023 was 2.13. 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.

Information Services Interest Expense Historical Data

The historical data trend for Information 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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Information Services Interest Expense Chart

Information Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.53

-2.22

-2.81

-3.64

-14.35

Information Services 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															-1.31	-1.22	-1.13	-5.52	-6.48

Information 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-14.3 Mil.

Information Services (TSX:ISV) 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.

Information Services's Interest Expense for the three months ended in Dec. 2023 was C$-6.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$13.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$184.4 Mil.

Information Services'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	*	13.808	/	-6.482
	=	2.13

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

Information Services (TSX:ISV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Information Services Corp (TSX:ISV) » Definitions » Interest Expense

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IRMTF:USA

Address

No. 300, 10 Research Drive, Regina, SK, CAN, S4S 7J7

Website

https://www.company.isc.ca

Information Services Corp is a Canada-based provider of registry and information management services for public data and records. The company has three segments namely Registry Operations, Services and Technology Solutions. The Registries segment involves the provision of registry and information services and solutions to governments and private sector organizations. The Services segment provides products and services that utilize public records and data to provide value to customers in the financial and legal sectors. Technology Solutions provides the development, delivery and support of registry (and related) technology solutions.

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