CIXXF (CI Financial) Interest Expense : $-169 Mil (TTM As of Mar. 2025)

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What is CI Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CI Financial's interest expense for the three months ended in Mar. 2025 was $ -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was $-169 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. CI Financial's Operating Income for the three months ended in Mar. 2025 was $ 119 Mil. CI Financial's Interest Expense for the three months ended in Mar. 2025 was $ -44 Mil. CI Financial's Interest Coverage for the quarter that ended in Mar. 2025 was 2.73. 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.

CI Financial Interest Expense Historical Data

The historical data trend for CI 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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CI Financial Interest Expense Chart

CI Financial Annual Data

Trend

Dec15

Dec16

Dec17

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Dec20

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Dec24

Interest Expense

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-51.09

-85.68

-111.95

-131.93

-156.03

CI Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-35.67	-40.25	-43.80	-41.77	-43.67

CI 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-169 Mil.

CI Financial (OTCPK:CIXXF) 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.

CI Financial's Interest Expense for the three months ended in Mar. 2025 was $-44 Mil. Its Operating Income for the three months ended in Mar. 2025 was $119 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was $2,443 Mil.

CI Financial's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	119.067	/	-43.674
	=	2.73

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. CI Financial Corp interest coverage is 2.36, which is low.

CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Interest Expense

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Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.