Impact Development Group (TSXV:IMPT) Interest Expense : C$-2.95 Mil (TTM As of Jun. 2023)

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What is Impact Development Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Impact Development Group's interest expense for the six months ended in Jun. 2023 was C$ -2.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-2.95 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. Impact Development Group's Operating Income for the six months ended in Jun. 2023 was C$ -1.91 Mil. Impact Development Group's Interest Expense for the six months ended in Jun. 2023 was C$ -2.17 Mil. Impact Development Group did not have earnings to cover the interest expense. 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.

Impact Development Group Interest Expense Historical Data

The historical data trend for Impact Development 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.

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Impact Development Group Interest Expense Chart

Impact Development Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-1.87

-1.70

-1.51

-1.56

Impact Development Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial			-	-	-0.73	-0.79	-2.17

Impact Development 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-2.95 Mil.

Impact Development Group (TSXV:IMPT) 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.

Impact Development Group's Interest Expense for the six months ended in Jun. 2023 was C$-2.17 Mil. Its Operating Income for the six months ended in Jun. 2023 was C$-1.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was C$48.97 Mil.

Impact Development Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Impact Development Group did not have earnings to cover the interest expense.

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

Impact Development Group (TSXV:IMPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Impact Development Group Inc (TSXV:IMPT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Edifice Península piso 4, oficina 4-10, Costa del Este, Panama City, PAN

Website

https://www.ihcpanama.com

Impact Development Group Inc Formerly Impact Housing Corp is a Panamanian-based real estate developer. It provides affordable housing supported by a longstanding subsidized government program with multiple product offerings. The principal business of IHC is to build and develop affordable and high-quality subsidized houses in the Republic of Panama to support the middle-class market.

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