PKIUF (Parkland) Interest Expense : $-251 Mil (TTM As of Dec. 2024)

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What is Parkland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parkland's interest expense for the three months ended in Dec. 2024 was $ -61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-251 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. Parkland's Operating Income for the three months ended in Dec. 2024 was $ 135 Mil. Parkland's Interest Expense for the three months ended in Dec. 2024 was $ -61 Mil. Parkland's Interest Coverage for the quarter that ended in Dec. 2024 was 2.21. 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.

Parkland Interest Expense Historical Data

The historical data trend for Parkland'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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Parkland Interest Expense Chart

Parkland Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-181.90

-174.22

-217.15

-262.37

-242.16

Parkland Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-65.59	-62.80	-64.21	-62.75	-61.07

Parkland 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-251 Mil.

Parkland (OTCPK:PKIUF) 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.

Parkland's Interest Expense for the three months ended in Dec. 2024 was $-61 Mil. Its Operating Income for the three months ended in Dec. 2024 was $135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $4,478 Mil.

Parkland's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	134.765	/	-61.065
	=	2.21

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

Parkland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (OTCPK:PKIUF) » Definitions » Interest Expense

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Traded in Other Exchanges

PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a fuel distributor, marketer, and convenience retailer, with operations in countries across the Americas. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's operating segments include: Canada, International, USA, Refining, and Corporate. It derives maximum revenue from Canada segment.