SRSCQ (Sears Canada) Interest Expense: $-8 Mil (TTM As of Apr. 2017)


What is Sears Canada Interest Expense?

Sears Canada SRSCQ -99.00% Interest Expense is $-8 Mil as of Apr. 2017.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sears Canada's interest expense for the three months ended in Apr. 2017 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2017 was $-8 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. Sears Canada's Operating Income for the three months ended in Apr. 2017 was $ -105 Mil. Sears Canada's Interest Expense for the three months ended in Apr. 2017 was $ -3 Mil. Sears Canada did not have earnings to cover the interest expense. 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.

Sears Canada  (OTCPK:SRSCQ) 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.

Sears Canada's Interest Expense for the three months ended in Apr. 2017 was $-3 Mil. Its Operating Income for the three months ended in Apr. 2017 was $-105 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2017 was $102 Mil.

Sears Canada's Interest Coverage for the quarter that ended in Apr. 2017 is calculated as

Sears Canada did not have earnings to cover the interest expense.

* 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.

Sears Canada Interest Expense Historical Data

* Premium members only.

The historical data trend for Sears Canada'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.

Sears Canada Interest Expense Chart

Sears Canada Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.22 -9.87 -0.83 -6.83 -6.75

Sears Canada Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 -1.25 -1.53 -3.77 -0.23 -2.68

Sears Canada 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 Apr. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-8 Mil mean?
Sears Canada (SRSCQ) has a Interest Expense of $-8 Mil as of Apr. 2017. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sears Canada and its competitors.
Is Sears Canada's Interest Expense too high?
Sears Canada's current Interest Expense is $-8 Mil.
How does Sears Canada's Interest Expense compare to competitors?
Sears Canada's Interest Expense of $-8 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Retail - Cyclical company?
A good Interest Expense depends on the Retail - Cyclical industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sears Canada and its competitors. Sears Canada's current Interest Expense is $-8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sears Canada stock overvalued right now?
Sears Canada (SRSCQ) has a current Interest Expense of $-8 Mil. The current Interest Expense is $-8 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Sears Canada (SRSCQ), the current Interest Expense is $-8 Mil as of Apr. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sears Canada Business Description

Address 290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3
Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.