Fiera Capital (TSX:FSZ) Interest Expense : C$-55.7 Mil (TTM As of Mar. 2024)

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What is Fiera Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fiera Capital's interest expense for the three months ended in Mar. 2024 was C$ -14.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-55.7 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. Fiera Capital's Operating Income for the three months ended in Mar. 2024 was C$ 22.5 Mil. Fiera Capital's Interest Expense for the three months ended in Mar. 2024 was C$ -14.6 Mil. Fiera Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 1.54. 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.

Fiera Capital Interest Expense Historical Data

The historical data trend for Fiera Capital'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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Fiera Capital Interest Expense Chart

Fiera Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.98

-38.31

-35.10

-40.22

-50.13

Fiera Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.38	-11.22	-16.29	-13.61	-14.63

Fiera Capital 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-55.7 Mil.

Fiera Capital (TSX:FSZ) 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.

Fiera Capital's Interest Expense for the three months ended in Mar. 2024 was C$-14.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$22.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$756.0 Mil.

Fiera Capital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	22.493	/	-14.625
	=	1.54

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fiera Capital Corp interest coverage is 2.31, which is low.

Fiera Capital (TSX:FSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fiera Capital Corp (TSX:FSZ) » Definitions » Interest Expense

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FRRPF:USA ZFS:Germany

Address

1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5

Website

https://www.fieracapital.com

Fiera Capital Corp is a asset management firm which delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients. The company offers institutional clients a complete range of traditional and alternative investment strategies through specialized and balanced mandates. Its geographical segments are Canada, United States, and Europe & other. The company derives majority of the revenue from United States.