Hoteles City ExpressB de CV (Hoteles City ExpressB de CV) Interest Expense : $-41.6 Mil (TTM As of Jun. 2023)

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What is Hoteles City ExpressB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hoteles City ExpressB de CV's interest expense for the three months ended in Jun. 2023 was $ -11.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-41.6 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. Hoteles City ExpressB de CV's Operating Income for the three months ended in Jun. 2023 was $ 7.4 Mil. Hoteles City ExpressB de CV's Interest Expense for the three months ended in Jun. 2023 was $ -11.3 Mil. Hoteles City ExpressB de CV's Interest Coverage for the quarter that ended in Jun. 2023 was 0.65. 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.

Hoteles City ExpressB de CV Interest Expense Historical Data

The historical data trend for Hoteles City ExpressB de CV'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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Hoteles City ExpressB de CV Interest Expense Chart

Hoteles City ExpressB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-15.16

-26.71

-31.12

-27.51

-35.03

Hoteles City ExpressB de CV Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-8.26	-8.32	-10.25	-11.68	-11.34

Hoteles City ExpressB de CV 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.6 Mil.

Hoteles City ExpressB de CV (OTCPK:HOCXF) 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.

Hoteles City ExpressB de CV's Interest Expense for the three months ended in Jun. 2023 was $-11.3 Mil. Its Operating Income for the three months ended in Jun. 2023 was $7.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $238.2 Mil.

Hoteles City ExpressB de CV's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	7.41	/	-11.338
	=	0.65

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

Hoteles City ExpressB de CV (Hoteles City ExpressB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hoteles City Express SAB de CV (OTCPK:HOCXF) » Definitions » Interest Expense

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HCITY:Mexico

Address

Juan Salvador Agraz No. 69, Col. Santa Fe Cuajimalpa, Del. Cuajimalpa de Morelos, Mexico, MEX, 05300

Website

http://www.hotelescity.com

Hoteles City Express SAB de CV together with its subsidiaries is engaged in the ownership, operation, and management of hotels using the brand names Hoteles City Express, City Suites and City Junior. The company's segments include Hotel Operation and Hotel Management. The company works as an alternative for business travelers, and the option for anyone looking to increase the value of an investment through a modern, hotel franchise and also, are the working towards the economy business travel segment.