MHIVF (Invesque) Interest Expense : $-52.7 Mil (TTM As of Jun. 2024)

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What is Invesque Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Invesque's interest expense for the three months ended in Jun. 2024 was $ -11.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-52.7 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. Invesque's Operating Income for the three months ended in Jun. 2024 was $ 7.0 Mil. Invesque's Interest Expense for the three months ended in Jun. 2024 was $ -11.0 Mil. Invesque's Interest Coverage for the quarter that ended in Jun. 2024 was 0.64. 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.

Invesque Interest Expense Historical Data

The historical data trend for Invesque'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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Invesque Interest Expense Chart

Invesque Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-43.72

-40.86

-33.51

-37.00

-56.01

Invesque Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-13.47	-16.92	-12.66	-12.16	-10.95

Invesque 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52.7 Mil.

Invesque (OTCPK:MHIVF) 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.

Invesque's Interest Expense for the three months ended in Jun. 2024 was $-11.0 Mil. Its Operating Income for the three months ended in Jun. 2024 was $7.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $345.3 Mil.

Invesque's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	6.99	/	-10.953
	=	0.64

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Invesque Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Invesque Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Invesque Inc (OTCPK:MHIVF) » Definitions » Interest Expense

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7ZL:Germany IVQ:Canada IVQ.U:Canada

Address

333 Bay Street, Suite 3400, Toronto, ON, CAN, M5H 2S7

Website

https://www.invesque.com

Invesque Inc is a Canada-based company engaged in owning income-producing seniors housing and care properties. The company focuses on acquiring and investing in properties that offer transitional care, long-term care, memory care assisted living, independent living programs, and medical office properties. The rental income generates maximum revenue for the company. It offers its services to the United States of America. Its operating segments comprise of Seniors housing and care investment properties, Owner occupied properties, Medical office buildings, and Corporate.