New Look Vision Group (TSX:BCI) Interest Expense : C$-20.2 Mil (TTM As of Mar. 2021)

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What is New Look Vision Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Look Vision Group's interest expense for the three months ended in Mar. 2021 was C$ -4.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was C$-20.2 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. New Look Vision Group's Operating Income for the three months ended in Mar. 2021 was C$ 8.5 Mil. New Look Vision Group's Interest Expense for the three months ended in Mar. 2021 was C$ -4.8 Mil. New Look Vision Group's Interest Coverage for the quarter that ended in Mar. 2021 was 1.76. 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.

New Look Vision Group Interest Expense Historical Data

The historical data trend for New Look Vision Group'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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New Look Vision Group Interest Expense Chart

New Look Vision Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-1.94

-4.95

-8.68

-8.10

-18.66

New Look Vision Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Interest Expense	Get a 7-Day Free Trial															-3.38	-6.18	-4.64	-4.56	-4.82

New Look Vision Group 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-20.2 Mil.

New Look Vision Group (TSX:BCI) 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.

New Look Vision Group's Interest Expense for the three months ended in Mar. 2021 was C$-4.8 Mil. Its Operating Income for the three months ended in Mar. 2021 was C$8.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2021 was C$327.5 Mil.

New Look Vision Group's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2021 )	/	Interest Expense (Q: Mar. 2021 )
	=	-1	*	8.511	/	-4.824
	=	1.76

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

New Look Vision Group (TSX:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Look Vision Group Inc (TSX:BCI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3670, Montreal, QC, CAN, H3B 3P2

Website

http://www.newlookvision.ca

New Look Vision Group Inc is an operator of retail stores in Canada. Its main business is that of eye care products and services which function under four main banners: New Look Eyewear, Greiche and Scaff, Vogue Optical, and Iris The Visual Group.

New Look Vision Group (TSX:BCI) Headlines

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