AOCIF (AutoCanada) Interest Expense : $-42 Mil (TTM As of Dec. 2024)

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What is AutoCanada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AutoCanada's interest expense for the three months ended in Dec. 2024 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-42 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. AutoCanada's Operating Income for the three months ended in Dec. 2024 was $ 37 Mil. AutoCanada's Interest Expense for the three months ended in Dec. 2024 was $ -3 Mil. AutoCanada's Interest Coverage for the quarter that ended in Dec. 2024 was 13.75. 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.

AutoCanada Interest Expense Historical Data

The historical data trend for AutoCanada'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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AutoCanada Interest Expense Chart

AutoCanada Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-29.97

-35.13

-43.54

-44.11

-40.29

AutoCanada Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-2.67	-13.11	-12.37	-13.93	-2.69

AutoCanada 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42 Mil.

AutoCanada (OTCPK:AOCIF) 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.

AutoCanada's Interest Expense for the three months ended in Dec. 2024 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2024 was $37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $659 Mil.

AutoCanada's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	36.96	/	-2.688
	=	13.75

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

AutoCanada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (OTCPK:AOCIF) » Definitions » Interest Expense

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Traded in Other Exchanges

31K:Germany ACQ:Canada

Address

15511 123 Avenue NW, No. 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, after-market products, and auction services. In addition, it also arranges financing and insurance for vehicle purchases by its customers through third-party finance and insurance sources. Maximum revenue for the company is generated through the sale of used cars. The company's reportable segments are Canadian Operations and U.S. Operations. A majority of its revenue is generated from its Canadian operations segment.