Reitmans (Canada) (Reitmans (Canada)) Interest Expense : $-5.6 Mil (TTM As of Jan. 2024)

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What is Reitmans (Canada) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reitmans (Canada)'s interest expense for the three months ended in Jan. 2024 was $ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-5.6 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. Reitmans (Canada)'s Operating Income for the three months ended in Jan. 2024 was $ 0.4 Mil. Reitmans (Canada)'s Interest Expense for the three months ended in Jan. 2024 was $ -1.8 Mil. Reitmans (Canada)'s Interest Coverage for the quarter that ended in Jan. 2024 was 0.21. 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.

Reitmans (Canada) Interest Expense Historical Data

The historical data trend for Reitmans (Canada)'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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Reitmans (Canada) Interest Expense Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-4.62

-4.51

-3.22

-4.01

-5.63

Reitmans (Canada) Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-1.03	-1.18	-1.27	-1.38	-1.79

Reitmans (Canada) 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.6 Mil.

Reitmans (Canada) (OTCPK:RTMAF) 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.

Reitmans (Canada)'s Interest Expense for the three months ended in Jan. 2024 was $-1.8 Mil. Its Operating Income for the three months ended in Jan. 2024 was $0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $79.2 Mil.

Reitmans (Canada)'s Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.375	/	-1.789
	=	0.21

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

Reitmans (Canada) (Reitmans (Canada)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (OTCPK:RTMAF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RTMNF:USA CX40:Germany RET.A:Canada RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (Reitmans (Canada)) Headlines

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