Firm Capital Mortgage Investment (TSX:FC) Interest Expense : C$-15.15 Mil (TTM As of Mar. 2024)

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What is Firm Capital Mortgage Investment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Firm Capital Mortgage Investment's interest expense for the three months ended in Mar. 2024 was C$ -3.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-15.15 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. Firm Capital Mortgage Investment's Operating Income for the three months ended in Mar. 2024 was C$ Mil. Firm Capital Mortgage Investment's Interest Expense for the three months ended in Mar. 2024 was C$ Mil. 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.

Firm Capital Mortgage Investment Interest Expense Historical Data

The historical data trend for Firm Capital Mortgage Investment'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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Firm Capital Mortgage Investment Interest Expense Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.67

-10.54

-11.09

-14.93

-15.71

Firm Capital Mortgage Investment 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															-4.00	-4.10	-3.57	-4.03	-3.44

Firm Capital Mortgage Investment 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$-15.15 Mil.

Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.

Executives

Ryan Lim

Senior Officer