Canlan Ice Sports (TSX:ICE) Interest Expense : C$-2.79 Mil (TTM As of Dec. 2023)

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What is Canlan Ice Sports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canlan Ice Sports's interest expense for the three months ended in Dec. 2023 was C$ -0.82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.79 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. Canlan Ice Sports's Operating Income for the three months ended in Dec. 2023 was C$ 1.26 Mil. Canlan Ice Sports's Interest Expense for the three months ended in Dec. 2023 was C$ -0.82 Mil. Canlan Ice Sports's Interest Coverage for the quarter that ended in Dec. 2023 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.

Canlan Ice Sports Interest Expense Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Interest Expense Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.92

-2.64

-2.63

-2.64

-2.79

Canlan Ice Sports 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															-0.75	-0.61	-0.62	-0.74	-0.82

Canlan Ice Sports 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$-2.79 Mil.

Canlan Ice Sports (TSX:ICE) 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.

Canlan Ice Sports's Interest Expense for the three months ended in Dec. 2023 was C$-0.82 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$46.28 Mil.

Canlan Ice Sports'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	*	1.256	/	-0.816
	=	1.54

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

Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.