IGM Financial (FRA:C7G) Interest Expense : €-85 Mil (TTM As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is IGM Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IGM Financial's interest expense for the three months ended in Dec. 2023 was € -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-85 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. IGM Financial's Operating Income for the three months ended in Dec. 2023 was € 234 Mil. IGM Financial's Interest Expense for the three months ended in Dec. 2023 was € -22 Mil. IGM Financial's Interest Coverage for the quarter that ended in Dec. 2023 was 10.53. 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.

IGM Financial Interest Expense Historical Data

The historical data trend for IGM 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.

* Premium members only.

IGM Financial Interest Expense Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-74.07

-70.97

-78.78

-78.64

-84.23

IGM Financial 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															-19.81	-19.15	-20.93	-22.52	-22.24

IGM 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-85 Mil.

IGM Financial (FRA:C7G) 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.

IGM Financial's Interest Expense for the three months ended in Dec. 2023 was €-22 Mil. Its Operating Income for the three months ended in Dec. 2023 was €234 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €3,390 Mil.

IGM Financial'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	*	234.185	/	-22.239
	=	10.53

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

IGM Financial (FRA:C7G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (FRA:C7G) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IGIFF:USA IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (FRA:C7G) Headlines

No Headlines