MODVF (Melcor Developments) Interest Expense : $-20.5 Mil (TTM As of Sep. 2024)

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What is Melcor Developments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melcor Developments's interest expense for the three months ended in Sep. 2024 was $ -4.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-20.5 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. Melcor Developments's Operating Income for the three months ended in Sep. 2024 was $ 15.3 Mil. Melcor Developments's Interest Expense for the three months ended in Sep. 2024 was $ -4.7 Mil. Melcor Developments's Interest Coverage for the quarter that ended in Sep. 2024 was 3.29. 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.

Melcor Developments Interest Expense Historical Data

The historical data trend for Melcor Developments'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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Melcor Developments Interest Expense Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.59

-19.54

-17.85

-17.98

-20.67

Melcor Developments 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															-5.44	-5.80	-5.27	-4.78	-4.65

Melcor Developments 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 $-20.5 Mil.

Melcor Developments (OTCPK:MODVF) 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.

Melcor Developments's Interest Expense for the three months ended in Sep. 2024 was $-4.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was $15.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $474.0 Mil.

Melcor Developments'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	*	15.286	/	-4.65
	=	3.29

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

Melcor Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (OTCPK:MODVF) » Definitions » Interest Expense

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MRD:Canada

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions includes Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.