MFGI (Merchants Financial Group) Interest Expense : $-12.95 Mil (TTM As of Sep. 2024)

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What is Merchants Financial Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Merchants Financial Group's interest expense for the three months ended in Sep. 2024 was $ -12.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-12.95 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. Merchants Financial Group's Operating Income for the three months ended in Sep. 2024 was $ Mil. Merchants Financial Group's Interest Expense for the three months ended in Sep. 2024 was $ Mil. 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.

Merchants Financial Group Interest Expense Historical Data

The historical data trend for Merchants Financial 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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Merchants Financial Group Interest Expense Chart

Merchants Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-14.19

-13.11

-8.31

-8.32

Merchants Financial Group Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial							-5.00	-7.15	-8.47	-	-12.95

Merchants Financial 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.95 Mil.

Merchants Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Financial Group Inc (OTCPK:MFGI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.

Merchants Financial Group Headlines

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