Solution Financial (TSX:SFI) Interest Expense : C$-0.93 Mil (TTM As of Jan. 2024)

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What is Solution Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solution Financial's interest expense for the three months ended in Jan. 2024 was C$ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.93 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. Solution Financial's Operating Income for the three months ended in Jan. 2024 was C$ 0.24 Mil. Solution Financial's Interest Expense for the three months ended in Jan. 2024 was C$ -0.24 Mil. Solution Financial's Interest Coverage for the quarter that ended in Jan. 2024 was 1.02. 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.

Solution Financial Interest Expense Historical Data

The historical data trend for Solution Financial'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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Solution Financial Interest Expense Chart

Solution Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-0.41

-0.67

-0.44

-0.63

-0.90

Solution Financial Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.24	-0.22	-0.23	-0.24

Solution Financial 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.93 Mil.

Solution Financial (TSX:SFI) 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.

Solution Financial's Interest Expense for the three months ended in Jan. 2024 was C$-0.24 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.02 Mil.

Solution Financial's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.243	/	-0.238
	=	1.02

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

Solution Financial (TSX:SFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

Executives

John Randall Smyth

Director

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