Alithya Group (Alithya Group) Interest Expense : $-9.3 Mil (TTM As of Dec. 2023)

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What is Alithya Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alithya Group's interest expense for the three months ended in Dec. 2023 was $ -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-9.3 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. Alithya Group's Operating Income for the three months ended in Dec. 2023 was $ 1.1 Mil. Alithya Group's Interest Expense for the three months ended in Dec. 2023 was $ -2.3 Mil. Alithya Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.45. 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.

Alithya Group Interest Expense Historical Data

The historical data trend for Alithya 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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Alithya Group Interest Expense Chart

Alithya Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.57

-1.54

-2.44

-3.46

-6.76

Alithya Group 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															-1.86	-2.20	-2.51	-2.23	-2.34

Alithya 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.3 Mil.

Alithya Group (OTCPK:ALYAF) 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.

Alithya Group's Interest Expense for the three months ended in Dec. 2023 was $-2.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $88.8 Mil.

Alithya Group'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	*	1.055	/	-2.342
	=	0.45

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

Alithya Group (Alithya Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alithya Group Inc (OTCPK:ALYAF) » Definitions » Interest Expense

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0QZ:Germany ALYA:Canada

Address

1100 Robert-Bourassa Boulevard, Suite 400, Montreal, QC, CAN, H3B 3A5

Website

https://www.alithya.com

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of its revenue from Canada. The company's services include digital transformation, enterprise technology, solution development, project management, infrastructure management, and others.