Corby Spirit and Wine (TSX:CSW.A) Interest Expense : C$-3.4 Mil (TTM As of Dec. 2023)

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What is Corby Spirit and Wine Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corby Spirit and Wine's interest expense for the three months ended in Dec. 2023 was C$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-3.4 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. Corby Spirit and Wine's Operating Income for the three months ended in Dec. 2023 was C$ 11.2 Mil. Corby Spirit and Wine's Interest Expense for the three months ended in Dec. 2023 was C$ -1.5 Mil. Corby Spirit and Wine's Interest Coverage for the quarter that ended in Dec. 2023 was 7.33. 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.

Corby Spirit and Wine Interest Expense Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Interest Expense Chart

Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

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Jun19

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Jun21

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Jun23

Interest Expense

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-0.48

-0.15

-0.58

-0.25

-0.28

Corby Spirit and Wine 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															-0.02	-0.02	-0.22	-1.64	-1.53

Corby Spirit and Wine 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 C$-3.4 Mil.

Corby Spirit and Wine (TSX:CSW.A) 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.

Corby Spirit and Wine's Interest Expense for the three months ended in Dec. 2023 was C$-1.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$11.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$122.2 Mil.

Corby Spirit and Wine'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	*	11.246	/	-1.534
	=	7.33

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

Corby Spirit and Wine (TSX:CSW.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (TSX:CSW.A) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CRBBF:USA CBYDF:USA CSW.B:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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