KBRLF (K-Bro Linen) Interest Expense : $-7.0 Mil (TTM As of Sep. 2024)

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What is K-Bro Linen Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. K-Bro Linen's interest expense for the three months ended in Sep. 2024 was $ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-7.0 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. K-Bro Linen's Operating Income for the three months ended in Sep. 2024 was $ 9.9 Mil. K-Bro Linen's Interest Expense for the three months ended in Sep. 2024 was $ -2.5 Mil. K-Bro Linen's Interest Coverage for the quarter that ended in Sep. 2024 was 4.04. 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.

K-Bro Linen Interest Expense Historical Data

The historical data trend for K-Bro Linen'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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K-Bro Linen Interest Expense Chart

K-Bro Linen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.08

-2.84

-2.31

-2.82

-4.69

K-Bro Linen Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.38	-1.03	-1.42	-2.10	-2.45

K-Bro Linen 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.0 Mil.

K-Bro Linen (OTCPK:KBRLF) 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.

K-Bro Linen's Interest Expense for the three months ended in Sep. 2024 was $-2.5 Mil. Its Operating Income for the three months ended in Sep. 2024 was $9.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $133.4 Mil.

K-Bro Linen's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	9.916	/	-2.452
	=	4.04

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

K-Bro Linen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » K-Bro Linen Inc (OTCPK:KBRLF) » Definitions » Interest Expense

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KBL:Canada

Address

14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9

Website

https://www.k-brolinen.com

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.