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Currency Exchange International (TSX:CXI) Interest Expense : C$-1.2 Mil (TTM As of Jul. 2024)


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What is Currency Exchange International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Currency Exchange International's interest expense for the three months ended in Jul. 2024 was C$ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was C$-1.2 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. Currency Exchange International's Operating Income for the three months ended in Jul. 2024 was C$ 9.1 Mil. Currency Exchange International's Interest Expense for the three months ended in Jul. 2024 was C$ -0.3 Mil. Currency Exchange International's Interest Coverage for the quarter that ended in Jul. 2024 was 26.66. 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.

Currency Exchange International Interest Expense Historical Data

The historical data trend for Currency Exchange 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.

* Premium members only.

Currency Exchange International Interest Expense Chart

Currency Exchange International Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.40 -0.99 -0.95 -1.84 -1.74

Currency Exchange International Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -0.46 -0.29 -0.25 -0.27 -0.34

Currency Exchange 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.2 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.

Currency Exchange International  (TSX:CXI) 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.

Currency Exchange International's Interest Expense for the three months ended in Jul. 2024 was C$-0.3 Mil. Its Operating Income for the three months ended in Jul. 2024 was C$9.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was C$7.2 Mil.

Currency Exchange International's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jul. 2024 )/Interest Expense (Q: Jul. 2024 )
=-1*9.092/-0.341
=26.66

* 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.

Currency Exchange International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Currency Exchange International Corp (TSX:CXI) » Definitions » Interest Expense
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Traded in Other Exchanges
CURN:USA
Address
6675 Westwood Boulevard, Suite 300, Orlando, FL, USA, 32821
Website
https://www.ceifx.com
Currency Exchange International Corp operates as a money service and payments business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.
Executives
Khatuna Bezhitashvili Senior Officer

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