Indigo Books & Music (TSX:IDG) Interest Expense : C$-26.0 Mil (TTM As of Dec. 2023)

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What is Indigo Books & Music Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indigo Books & Music's interest expense for the three months ended in Dec. 2023 was C$ -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-26.0 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. Indigo Books & Music's Operating Income for the three months ended in Dec. 2023 was C$ 17.4 Mil. Indigo Books & Music's Interest Expense for the three months ended in Dec. 2023 was C$ -7.4 Mil. Indigo Books & Music's Interest Coverage for the quarter that ended in Dec. 2023 was 2.35. 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.

Indigo Books & Music Interest Expense Historical Data

The historical data trend for Indigo Books & Music'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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Indigo Books & Music Interest Expense Chart

Indigo Books & Music Annual Data

Trend

Mar14

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Mar19

Mar20

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Mar23

Interest Expense

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-23.52

-24.78

-23.69

-24.14

Indigo Books & Music 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															-5.95	-5.80	-6.22	-6.65	-7.38

Indigo Books & Music 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$-26.0 Mil.

Indigo Books & Music (TSX:IDG) 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.

Indigo Books & Music's Interest Expense for the three months ended in Dec. 2023 was C$-7.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$17.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$402.8 Mil.

Indigo Books & Music'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	*	17.364	/	-7.381
	=	2.35

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

Indigo Books & Music (TSX:IDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Indigo Books & Music Inc (TSX:IDG) » Definitions » Interest Expense

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IDGBF:USA

Address

620 King Street West, Suite 400, Toronto, ON, CAN, M5V 1M6

Website

https://www.chapters.indigo.ca

Indigo Books & Music Inc is a Canada-based book, gift, and toy retailer. It operates a chain of retail bookstores across all Canada, including approximately 87 superstores under Indigo and Chapters banners names as well as over 80 small format stores under the banners Coles, Indigospirit, SmithBooks, and The Book company. Its digital platforms sell expanded selection of books, gifts, toys, and paper products. It also has interest in Calendar Club of Canada, which operates seasonal kiosks and year-round stores in shopping malls across Canada. The company generates its revenue from Superstores, Small format stores, Online, and Others.

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