Imperial Equities (TSXV:IEI) Interest Expense : C$-5.49 Mil (TTM As of Mar. 2024)

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What is Imperial Equities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Imperial Equities's interest expense for the three months ended in Mar. 2024 was C$ -1.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-5.49 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. Imperial Equities's Operating Income for the three months ended in Mar. 2024 was C$ 2.94 Mil. Imperial Equities's Interest Expense for the three months ended in Mar. 2024 was C$ -1.44 Mil. Imperial Equities's Interest Coverage for the quarter that ended in Mar. 2024 was 2.04. 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.

Imperial Equities Interest Expense Historical Data

The historical data trend for Imperial Equities'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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Imperial Equities Interest Expense Chart

Imperial Equities Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-4.05

-4.30

-4.35

-4.29

-5.05

Imperial Equities 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															-1.21	-1.24	-1.39	-1.43	-1.44

Imperial Equities 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$-5.49 Mil.

Imperial Equities (TSXV:IEI) 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.

Imperial Equities's Interest Expense for the three months ended in Mar. 2024 was C$-1.44 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$2.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$65.39 Mil.

Imperial Equities'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	*	2.935	/	-1.44
	=	2.04

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. Imperial Equities Inc interest coverage is 2.24, which is low.

Imperial Equities (TSXV:IEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Imperial Equities Inc (TSXV:IEI) » Definitions » Interest Expense

Comparable Companies

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Address

10060 Jasper Avenue, Suite 2151, Edmonton, AB, CAN, T5J 3R8

Website

https://www.imperialequities.com

Imperial Equities Inc is engaged in the acquisition, development, and redevelopment of commercial and industrial properties primarily in Edmonton and throughout Alberta. The majority of the revenue is generated from Rental revenue from leases of commercial properties.

Executives

Chadi Land Company Inc.

10% Security Holder