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RF Capital Group (TSX:RCG) Interest Expense : C$-33.1 Mil (TTM As of Dec. 2023)


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What is RF Capital Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RF Capital Group's interest expense for the three months ended in Dec. 2023 was C$ -9.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-33.1 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. RF Capital Group's Operating Income for the three months ended in Dec. 2023 was C$ 7.7 Mil. RF Capital Group's Interest Expense for the three months ended in Dec. 2023 was C$ -9.8 Mil. RF Capital Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.78. 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.

RF Capital Group Interest Expense Historical Data

The historical data trend for RF Capital Group'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.

* Premium members only.

RF Capital Group Interest Expense Chart

RF Capital Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.71 -5.33 -24.37 -28.06 -33.09

RF Capital Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.93 -7.71 -7.56 -7.98 -9.84

RF Capital Group 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$-33.1 Mil.

* 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.

RF Capital Group  (TSX:RCG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

RF Capital Group's Interest Expense for the three months ended in Dec. 2023 was C$-9.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$7.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$140.2 Mil.

RF Capital Group'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*7.671/-9.839
=0.78

* 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.

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

RF Capital Group (TSX:RCG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RF Capital Group Inc (TSX:RCG) » Definitions » Interest Expense
Comparable Companies
TSX:FAP NEOE:ETHC TSX:STCK TSX:RS TSX:MID.UN TSX:BGI.UN TSX:DF TSX:PIC.A TSX:GDV TSX:RBN.UN BLK BX KKR OSTO:INVE A APO TSX:BN AMP BK OSTO:EQT XSWX:PGHN
Traded in Other Exchanges
GMPFF.PFD:USA GMPXF:USA RCG.PR.B.PFD:Canada
Address
100 Queens Quay East, Suite 2500, Toronto, ON, CAN, M5E 1Y3
Website
https://www.rfcapgroup.com
RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

RF Capital Group (TSX:RCG) Headlines

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