Enterprise Group (TSX:E) Interest Expense : C$-1.75 Mil (TTM As of Dec. 2023)

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What is Enterprise Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enterprise Group's interest expense for the three months ended in Dec. 2023 was C$ -0.47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.75 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. Enterprise Group's Operating Income for the three months ended in Dec. 2023 was C$ 2.97 Mil. Enterprise Group's Interest Expense for the three months ended in Dec. 2023 was C$ -0.47 Mil. Enterprise Group's Interest Coverage for the quarter that ended in Dec. 2023 was 6.26. 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.

Enterprise Group Interest Expense Historical Data

The historical data trend for Enterprise 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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Enterprise Group Interest Expense Chart

Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.78

-0.87

-1.04

-1.34

-1.74

Enterprise Group 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															-0.29	-0.41	-0.40	-0.46	-0.47

Enterprise 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.75 Mil.

Enterprise Group (TSX:E) 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.

Enterprise Group's Interest Expense for the three months ended in Dec. 2023 was C$-0.47 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$2.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$24.35 Mil.

Enterprise Group'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	*	2.969	/	-0.474
	=	6.26

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

Enterprise Group (TSX:E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Group Inc (TSX:E) » Definitions » Interest Expense

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Traded in Other Exchanges

ETOLF:USA 3EO1:Germany

Address

64 Riel Drive, Suite 2, St. Albert, AB, CAN, T8N 5B3

Website

https://www.enterprisegrp.ca

Enterprise Group Inc is an equipment rental and construction services company operating in the utility, energy, and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.