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Enerflex (TSX:EFX) Interest Expense : C$-159 Mil (TTM As of Dec. 2023)


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What is Enerflex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enerflex's interest expense for the three months ended in Dec. 2023 was C$ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-159 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. Enerflex's Operating Income for the three months ended in Dec. 2023 was C$ 97 Mil. Enerflex's Interest Expense for the three months ended in Dec. 2023 was C$ -38 Mil. Enerflex's Interest Coverage for the quarter that ended in Dec. 2023 was 2.56. 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.


Enerflex Interest Expense Historical Data

The historical data trend for Enerflex'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.

Enerflex Interest Expense Chart

Enerflex 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 -22.27 -23.36 -20.28 -49.41 -158.79

Enerflex 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 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 -34.22 -40.86 -39.18 -40.70 -38.06

Enerflex 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$-159 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.


Enerflex  (TSX:EFX) 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.

Enerflex's Interest Expense for the three months ended in Dec. 2023 was C$-38 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$1,237 Mil.

Enerflex'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*97.463/-38.064
=2.56

* 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.


Enerflex (TSX:EFX) Business Description

Traded in Other Exchanges
Address
1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3
Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, the Rest of the World, and Canada. Each regional business segment has three main product lines: Engineered Systems, After?market Service, and Energy Infrastructure. The USA segment earns the majority of the revenue.