Canadian Tire (TSX:CTC.A) Interest Expense : C$-102 Mil (TTM As of Dec. 2023)

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What is Canadian Tire Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Tire's interest expense for the three months ended in Dec. 2023 was C$ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-102 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. Canadian Tire's Operating Income for the three months ended in Dec. 2023 was C$ 357 Mil. Canadian Tire's Interest Expense for the three months ended in Dec. 2023 was C$ -25 Mil. Canadian Tire's Interest Coverage for the quarter that ended in Dec. 2023 was 14.45. 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.

Canadian Tire Interest Expense Historical Data

The historical data trend for Canadian Tire'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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Canadian Tire Interest Expense Chart

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-107.10

-98.20

-90.30

-87.60

-101.50

Canadian Tire 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															-22.50	-26.10	-25.40	-25.30	-24.70

Canadian Tire 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$-102 Mil.

Canadian Tire (TSX:CTC.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.

Canadian Tire's Interest Expense for the three months ended in Dec. 2023 was C$-25 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$357 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$6,390 Mil.

Canadian Tire'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	*	357	/	-24.7
	=	14.45

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

Canadian Tire (TSX:CTC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (TSX:CTC.A) » Definitions » Interest Expense

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Traded in Other Exchanges

CDNAF:USA YAAA:Germany CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a roughly 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark's, SportChek, Party City, Atmosphere, and PartSource monikers. Additionally, the company owns Helly Hansen, a Norwegian sportswear and workwear brand, and also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70%).

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