Ag Growth International (TSX:AFN) Interest Expense : C$-75 Mil (TTM As of Mar. 2024)

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What is Ag Growth International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ag Growth International's interest expense for the three months ended in Mar. 2024 was C$ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-75 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. Ag Growth International's Operating Income for the three months ended in Mar. 2024 was C$ 24 Mil. Ag Growth International's Interest Expense for the three months ended in Mar. 2024 was C$ -19 Mil. Ag Growth International's Interest Coverage for the quarter that ended in Mar. 2024 was 1.30. 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.

Ag Growth International Interest Expense Historical Data

The historical data trend for Ag Growth International'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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Ag Growth International Interest Expense Chart

Ag Growth International Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

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Dec23

Interest Expense

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-44.79

-46.69

-43.60

-61.07

-73.67

Ag Growth International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-17.60	-18.34	-19.35	-18.30	-18.80

Ag Growth International 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-75 Mil.

Ag Growth International (TSX:AFN) 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.

Ag Growth International's Interest Expense for the three months ended in Mar. 2024 was C$-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$761 Mil.

Ag Growth International's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	24.496	/	-18.801
	=	1.30

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

Ag Growth International (TSX:AFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ag Growth International Inc (TSX:AFN) » Definitions » Interest Expense

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Traded in Other Exchanges

AGGZF:USA 7AG:Germany

Address

198 Commerce Drive, Winnipeg, MB, CAN, R3P 0Z6

Website

https://www.aggrowth.com

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. It has two reportable segment farm and commercial. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, United Kingdom, and India. Its geographical segments are Canada, United States, and the International.

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