Canadian Pacific Kansas City (TSX:CP) Interest Expense : C$-823 Mil (TTM As of Mar. 2024)

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What is Canadian Pacific Kansas City Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Pacific Kansas City's interest expense for the three months ended in Mar. 2024 was C$ -206 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-823 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. Canadian Pacific Kansas City's Operating Income for the three months ended in Mar. 2024 was C$ 1,237 Mil. Canadian Pacific Kansas City's Interest Expense for the three months ended in Mar. 2024 was C$ -206 Mil. Canadian Pacific Kansas City's Interest Coverage for the quarter that ended in Mar. 2024 was 6.00. 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.

Canadian Pacific Kansas City Interest Expense Historical Data

The historical data trend for Canadian Pacific Kansas City'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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Canadian Pacific Kansas City Interest Expense Chart

Canadian Pacific Kansas City Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-454.00

-458.00

-440.00

-652.00

-771.00

Canadian Pacific Kansas City 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															-154.00	-204.00	-207.00	-206.00	-206.00

Canadian Pacific Kansas City 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$-823 Mil.

Canadian Pacific Kansas City (TSX:CP) 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.

Canadian Pacific Kansas City's Interest Expense for the three months ended in Mar. 2024 was C$-206 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$1,237 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$18,829 Mil.

Canadian Pacific Kansas City'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	*	1237	/	-206
	=	6.00

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

Canadian Pacific Kansas City (TSX:CP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian Pacific Kansas City Ltd (TSX:CP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CP:USA X88:Germany CPRL34:Brazil

Address

7550 Ogden Dale Road S.E., Calgary, AB, CAN, T2C 4X9

Website

https://www.cpr.ca

Canadian Pacific Kansas City is a Class-1 railroad operating on track that spans across most of Canada and into parts of the Midwestern and Northeastern United States. Following the April 2023 Kansas City Southern merger, CP operates new single-line-haul services from Canada and the Upper Midwest down through Texas, the Gulf of Mexico, and into Mexico. It also hauls cross border and intra Mexico freight via operating concessions on 3,300 miles of rail in Mexico. CP hauls shipments of grain, intermodal containers, energy products (like crude and frac sand), chemicals, plastics, coal, fertilizer and potash, automotive products, and a diverse mix of other merchandise.