Aecon Group (TSX:ARE) Interest Expense : C$-45 Mil (TTM As of Mar. 2024)

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What is Aecon Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aecon Group's interest expense for the three months ended in Mar. 2024 was C$ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-45 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. Aecon Group's Operating Income for the three months ended in Mar. 2024 was C$ -8 Mil. Aecon Group's Interest Expense for the three months ended in Mar. 2024 was C$ -5 Mil. Aecon Group 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.

Aecon Group Interest Expense Historical Data

The historical data trend for Aecon Group'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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Aecon Group Interest Expense Chart

Aecon Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-22.56

-26.94

-45.63

-57.07

-57.10

Aecon Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.92	-16.13	-16.56	-7.49	-5.19

Aecon Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-45 Mil.

Aecon Group (TSX:ARE) 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.

Aecon Group's Interest Expense for the three months ended in Mar. 2024 was C$-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$183 Mil.

Aecon Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Aecon Group did not have earnings to cover the interest expense.

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

Aecon Group (TSX:ARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aecon Group Inc (TSX:ARE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AEGXF:USA 2AE:Germany

Address

20 Carlson Court, Suite 105, Toronto, ON, CAN, M9W 7K6

Website

https://www.aecon.com

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. The company generates the majority of its revenue from the Construction segment.

Executives

Martina Doyle

Senior Officer