Power Financial (TSX:PWF.PR.T.PFD) Interest Expense : C$-410.00 Mil (TTM As of Sep. 2020)

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What is Power Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Power Financial's interest expense for the three months ended in Sep. 2020 was C$ -108.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was C$-410.00 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. Power Financial's Operating Income for the three months ended in Sep. 2020 was C$ 1,057.00 Mil. Power Financial's Interest Expense for the three months ended in Sep. 2020 was C$ -108.00 Mil. Power Financial's Interest Coverage for the quarter that ended in Sep. 2020 was 9.79. 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.

Power Financial Interest Expense Historical Data

The historical data trend for Power Financial'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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Power Financial Interest Expense Chart

Power Financial Annual Data

Trend

Dec10

Dec11

Dec12

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Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-381.00

-379.00

-396.00

-331.00

-416.00

Power Financial Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial															-107.00	-91.00	-103.00	-108.00	-108.00

Power Financial 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-410.00 Mil.

Power Financial (TSX:PWF.PR.T.PFD) 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.

Power Financial's Interest Expense for the three months ended in Sep. 2020 was C$-108.00 Mil. Its EBIT for the three months ended in Sep. 2020 was C$1,057.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was C$11,380.00 Mil.

Power Financial's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2020 )	/	Interest Expense (Q: Sep. 2020 )
	=	-1	*	1057	/	-108
	=	9.79

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

Power Financial (TSX:PWF.PR.T.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Financial Corp (TSX:PWF.PR.T.PFD) » Definitions » Interest Expense

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Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powerfinancial.com

Power Financial Corp, a subsidiary of Power Corporation of Canada, is a diversified management and holding company with interests in the financial services industry through its controlling interests in Great-West Life and IGM Financial. It also has holdings in Pargesa, a diversified industrial group based in Europe. Its segments include Lifeco and IGM Financial and the GBL. The firm's holdings are leading insurance, retirement, wealth management, and investment businesses, including a portfolio of alternative asset investment platforms.

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