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MEQYF (Mainstreet Equity) Interest Expense : $-36.7 Mil (TTM As of Sep. 2024)


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What is Mainstreet Equity Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mainstreet Equity's interest expense for the three months ended in Sep. 2024 was $ -9.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-36.7 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. Mainstreet Equity's Operating Income for the three months ended in Sep. 2024 was $ 29.8 Mil. Mainstreet Equity's Interest Expense for the three months ended in Sep. 2024 was $ -9.3 Mil. Mainstreet Equity's Interest Coverage for the quarter that ended in Sep. 2024 was 3.20. 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.


Mainstreet Equity Interest Expense Historical Data

The historical data trend for Mainstreet Equity'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.

Mainstreet Equity Interest Expense Chart

Mainstreet Equity Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.92 -26.42 -27.41 -30.27 -36.69

Mainstreet Equity 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 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 -8.06 -8.70 -9.31 -9.31 -9.34

Mainstreet Equity 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 $-36.7 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.


Mainstreet Equity  (OTCPK:MEQYF) 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.

Mainstreet Equity's Interest Expense for the three months ended in Sep. 2024 was $-9.3 Mil. Its Operating Income for the three months ended in Sep. 2024 was $29.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,103.0 Mil.

Mainstreet Equity'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*29.849/-9.338
=3.20

* 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.


Mainstreet Equity Business Description

Traded in Other Exchanges
Address
10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2
Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.