Norandaome Fund (TSX:NIF.UN) Interest Expense : C$-16 Mil (TTM As of Sep. 2022)

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What is Norandaome Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norandaome Fund's interest expense for the three months ended in Sep. 2022 was C$ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was C$-16 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. Norandaome Fund's Operating Income for the three months ended in Sep. 2022 was C$ 63 Mil. Norandaome Fund's Interest Expense for the three months ended in Sep. 2022 was C$ -7 Mil. Norandaome Fund's Interest Coverage for the quarter that ended in Sep. 2022 was 9.39. 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.

Norandaome Fund Interest Expense Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund Interest Expense Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-6.81

-10.46

-11.85

-9.32

-7.25

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-1.37	-1.96	-2.57	-5.06	-6.75

Norandaome Fund 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-16 Mil.

Norandaome Fund (TSX:NIF.UN) 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.

Norandaome Fund's Interest Expense for the three months ended in Sep. 2022 was C$-7 Mil. Its Operating Income for the three months ended in Sep. 2022 was C$63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was C$203 Mil.

Norandaome Fund's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	63.407	/	-6.752
	=	9.39

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

Norandaome Fund (TSX:NIF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (TSX:NIF.UN) » Definitions » Interest Expense

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Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

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