Yorkton Equity Group (TSXV:YEG) Interest Expense : C$-2.91 Mil (TTM As of Dec. 2023)

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What is Yorkton Equity Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Yorkton Equity Group's interest expense for the three months ended in Dec. 2023 was C$ -0.99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.91 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. Yorkton Equity Group's Operating Income for the three months ended in Dec. 2023 was C$ 1.26 Mil. Yorkton Equity Group's Interest Expense for the three months ended in Dec. 2023 was C$ -0.99 Mil. Yorkton Equity Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.27. 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.

Yorkton Equity Group Interest Expense Historical Data

The historical data trend for Yorkton Equity 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.

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Yorkton Equity Group Interest Expense Chart

Yorkton Equity Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.09

-0.45

-1.27

-2.91

Yorkton Equity Group Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-0.32	-0.48	-0.72	-0.72	-0.99

Yorkton Equity 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$-2.91 Mil.

Yorkton Equity Group (TSXV:YEG) 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.

Yorkton Equity Group's Interest Expense for the three months ended in Dec. 2023 was C$-0.99 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$96.70 Mil.

Yorkton Equity 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	*	1.262	/	-0.99
	=	1.27

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Yorkton Equity Group Inc interest coverage is 1.2, which is low.

Yorkton Equity Group (TSXV:YEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yorkton Equity Group Inc (TSXV:YEG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10180 - 101 Street NW, 3165 Manulfie Place, Edmonton, AB, CAN, T5J 3S4

Website

https://www.yorktonequitygroup.com

Yorkton Equity Group Inc is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with investment opportunities through the accretive acquisitions of multi-family revenue properties in strategic markets across Canada, with its current focus in Western Canada. YEG's focus is to acquire and manage multi-family revenue properties in growing strategic markets across Canada with strong economic fundamentals and to grow the Net Operating Income (NOI) and the Net Asset Value (NAV) of its revenue property portfolio.

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