Diversified Royalty (Diversified Royalty) Interest Expense : $-10.65 Mil (TTM As of Dec. 2023)

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What is Diversified Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Diversified Royalty's interest expense for the three months ended in Dec. 2023 was $ -3.90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.65 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. Diversified Royalty's Operating Income for the three months ended in Dec. 2023 was $ 10.81 Mil. Diversified Royalty's Interest Expense for the three months ended in Dec. 2023 was $ -3.90 Mil. Diversified Royalty's Interest Coverage for the quarter that ended in Dec. 2023 was 2.77. 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.

Diversified Royalty Interest Expense Historical Data

The historical data trend for Diversified Royalty'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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Diversified Royalty Interest Expense Chart

Diversified Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.26

-6.19

-6.55

-7.19

-10.69

Diversified Royalty 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															-1.93	-2.16	-2.33	-2.26	-3.90

Diversified Royalty 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 $-10.65 Mil.

Diversified Royalty (OTCPK:BEVFF) 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.

Diversified Royalty's Interest Expense for the three months ended in Dec. 2023 was $-3.90 Mil. Its Operating Income for the three months ended in Dec. 2023 was $10.81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $214.99 Mil.

Diversified Royalty'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	*	10.811	/	-3.899
	=	2.77

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. Diversified Royalty Corp interest coverage is 3.54, which is low.

Diversified Royalty (Diversified Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Diversified Royalty Corp (OTCPK:BEVFF) » Definitions » Interest Expense

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Traded in Other Exchanges

BEW:Germany DIV:Canada

Address

609 Granville Street, Suite 330, P.O. Box 10033, Vancouver, BC, CAN, V7Y 1A1

Website

https://www.diversifiedroyaltycorp.com

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.