Wall Financial (TSX:WFC) Interest Expense : C$-27.0 Mil (TTM As of Jan. 2024)

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What is Wall Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wall Financial's interest expense for the three months ended in Jan. 2024 was C$ -6.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-27.0 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. Wall Financial's Operating Income for the three months ended in Jan. 2024 was C$ 6.8 Mil. Wall Financial's Interest Expense for the three months ended in Jan. 2024 was C$ -6.8 Mil. Wall Financial's Interest Coverage for the quarter that ended in Jan. 2024 was 1.00. 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.

Wall Financial Interest Expense Historical Data

The historical data trend for Wall 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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Wall Financial Interest Expense Chart

Wall Financial Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-17.55

-12.56

-11.03

-13.29

-26.95

Wall 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															-4.05	-6.34	-7.11	-6.75	-6.75

Wall 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$-27.0 Mil.

Wall Financial (TSX:WFC) 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.

Wall Financial's Interest Expense for the three months ended in Jan. 2024 was C$-6.8 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$6.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$330.1 Mil.

Wall 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	*	6.769	/	-6.754
	=	1.00

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. Wall Financial Corp interest coverage is 2.03, which is low.

Wall Financial (TSX:WFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wall Financial Corp (TSX:WFC) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1010 Burrard Street, Vancouver, BC, CAN, V6Z 2R9

Website

http://www.wallfinancialcorp.ca

Wall Financial Corp is in the development and management of residential rental units, the development and construction of residential housing for resale, and the development and management of hotel properties. It owns and manages two hotel properties in Metro Vancouver namely the Sheraton Vancouver Wall Centre Hotel and the Westin Wall Centre Vancouver Airport Hotel. It operates in three segments of the real estate industry namely, Ownership and management of revenue-producing residential and commercial properties (Rental), Ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development).

Executives

David Eugene Gruber

Director