Interfor (TSX:IFP) Interest Expense : C$-66 Mil (TTM As of Dec. 2023)

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What is Interfor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Interfor's interest expense for the three months ended in Dec. 2023 was C$ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-66 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. Interfor's Operating Income for the three months ended in Dec. 2023 was C$ -116 Mil. Interfor's Interest Expense for the three months ended in Dec. 2023 was C$ -17 Mil. Interfor 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.

Interfor Interest Expense Historical Data

The historical data trend for Interfor'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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Interfor Interest Expense Chart

Interfor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.20

-21.78

-21.88

-25.50

-70.40

Interfor 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															-8.00	-14.73	-13.30	-21.30	-17.10

Interfor 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$-66 Mil.

Interfor (TSX:IFP) 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.

Interfor's Interest Expense for the three months ended in Dec. 2023 was C$-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-116 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$877 Mil.

Interfor's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interfor did not have earnings to cover the interest expense.

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

Interfor (TSX:IFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Interfor Corp (TSX:IFP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IFSPF:USA 8IF1:Germany

Address

1600-4720 Kingsway, Metrotower II, Burnaby, BC, CAN, V5H 4N2

Website

https://www.interfor.com

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.

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