Sears Canada (Sears Canada) Interest Expense : $-8 Mil (TTM As of Apr. 2017)

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What is Sears Canada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sears Canada's interest expense for the three months ended in Apr. 2017 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2017 was $-8 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. Sears Canada's Operating Income for the three months ended in Apr. 2017 was $ -105 Mil. Sears Canada's Interest Expense for the three months ended in Apr. 2017 was $ -3 Mil. Sears Canada did not have earnings to cover the interest expense. 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.

Sears Canada Interest Expense Historical Data

The historical data trend for Sears 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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Sears Canada Interest Expense Chart

Sears Canada Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Interest Expense

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-15.22

-9.87

-0.83

-6.83

-6.75

Sears Canada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Interest Expense	Get a 7-Day Free Trial															-1.25	-1.53	-3.77	-0.23	-2.68

Sears 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 Apr. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.

Sears Canada (OTCPK:SRSCQ) 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.

Sears Canada's Interest Expense for the three months ended in Apr. 2017 was $-3 Mil. Its Operating Income for the three months ended in Apr. 2017 was $-105 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2017 was $102 Mil.

Sears Canada's Interest Coverage for the quarter that ended in Apr. 2017 is calculated as

Sears Canada did not have earnings to cover the interest expense.

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

Sears Canada (Sears Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Canada Inc (OTCPK:SRSCQ) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3

Website

http://www.sears.ca

Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

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