Dirtt Environmental Solutions (TSX:DRT) Interest Expense : C$-6.6 Mil (TTM As of Dec. 2023)

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What is Dirtt Environmental Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dirtt Environmental Solutions's interest expense for the three months ended in Dec. 2023 was C$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-6.6 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. Dirtt Environmental Solutions's Operating Income for the three months ended in Dec. 2023 was C$ 3.8 Mil. Dirtt Environmental Solutions's Interest Expense for the three months ended in Dec. 2023 was C$ -1.7 Mil. Dirtt Environmental Solutions's Interest Coverage for the quarter that ended in Dec. 2023 was 2.21. 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.

Dirtt Environmental Solutions Interest Expense Historical Data

The historical data trend for Dirtt Environmental Solutions'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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Dirtt Environmental Solutions Interest Expense Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.17

-0.39

-4.01

-7.01

-6.61

Dirtt Environmental Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.66	-1.65	-1.64	-1.62	-1.73

Dirtt Environmental Solutions 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-6.6 Mil.

Dirtt Environmental Solutions (TSX:DRT) 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.

Dirtt Environmental Solutions's Interest Expense for the three months ended in Dec. 2023 was C$-1.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$3.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$112.0 Mil.

Dirtt Environmental Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.833	/	-1.732
	=	2.21

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

Dirtt Environmental Solutions (TSX:DRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (TSX:DRT) » Definitions » Interest Expense

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DRTTF:USA

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

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