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Diversified Royalty (TSX:DIV) Interest Expense : C$-16.42 Mil (TTM As of Sep. 2024)


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What is Diversified Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Diversified Royalty's interest expense for the three months ended in Sep. 2024 was C$ -3.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-16.42 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. Diversified Royalty's Operating Income for the three months ended in Sep. 2024 was C$ 14.50 Mil. Diversified Royalty's Interest Expense for the three months ended in Sep. 2024 was C$ -3.44 Mil. Diversified Royalty's Interest Coverage for the quarter that ended in Sep. 2024 was 4.22. 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.

Diversified Royalty Interest Expense Historical Data

The historical data trend for Diversified Royalty'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.

Diversified Royalty Interest Expense Chart

Diversified Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.93 -7.93 -8.39 -9.76 -14.34

Diversified Royalty Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.92 -5.65 -3.92 -3.41 -3.44

Diversified Royalty 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-16.42 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.

Diversified Royalty  (TSX:DIV) 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.

Diversified Royalty's Interest Expense for the three months ended in Sep. 2024 was C$-3.44 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$14.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$261.13 Mil.

Diversified Royalty's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*14.504/-3.44
=4.22

* 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.

Diversified Royalty Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Diversified Royalty Corp (TSX:DIV) » Definitions » Interest Expense
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Traded in Other Exchanges
BEVFF:USA BEW:Germany BEW:Germany
Address
609 Granville Street, Suite 330, P.O. Box 10033, Vancouver, BC, CAN, V7Y 1A1
Website
https://www.diversifiedroyaltycorp.com
Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment, the firm always purchases trademarks of the companies it is going to acquire. Its objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.
Executives
Bryan Christopher Elwin Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Lawrence P. Haber Director, Senior Officer
George Melville Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Johnny Ciampi Director
Lance Tracey Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Maxam Capital Management Ltd. 10% Security Holder