IGM Financial (TSX:IGM) Interest Expense: C$-129 Mil (TTM As of Mar. 2026)

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TSX:IGM IGM Financial Inc TSX:IGM
81 GF Score
Price C$82.86
GF Value C$50.89
Valuation Significantly Overvalued
! 9 Warning Signs
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What is IGM Financial Interest Expense?

IGM Financial TSX:IGM -1.36% 81 Interest Expense is C$-129 Mil as of Mar. 2026. GuruFocus rates TSX:IGM with a GF Score™ of 81/100 and a GF Value™ of C$50.89 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IGM Financial's interest expense for the three months ended in Mar. 2026 was C$ -32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was C$-129 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. IGM Financial's Operating Income for the three months ended in Mar. 2026 was C$ 330 Mil. IGM Financial's Interest Expense for the three months ended in Mar. 2026 was C$ -32 Mil. IGM Financial's Interest Coverage for the quarter that ended in Mar. 2026 was 10.30. 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.

IGM Financial  (TSX:IGM) 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.

IGM Financial's Interest Expense for the three months ended in Mar. 2026 was C$-32 Mil. Its Operating Income for the three months ended in Mar. 2026 was C$330 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was C$5,195 Mil.

IGM Financial's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*330.21/-32.064
=10.30

* 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.

IGM Financial Interest Expense Historical Data

* Premium members only.

The historical data trend for IGM Financial'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.

IGM Financial Interest Expense Chart

IGM Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -113.94 -113.17 -123.23 -129.38 -129.17

IGM Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -31.97 -32.26 -32.40 -32.54 -32.06
TSX:IGM
81GF Score
IGM Financial Inc TSX:IGM
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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IGM Financial 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-129 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of C$-129 Mil mean?
IGM Financial (TSX:IGM) has a Interest Expense of C$-129 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on IGM Financial and its competitors.
Is IGM Financial's Interest Expense too high?
IGM Financial's current Interest Expense is C$-129 Mil. Overall, IGM Financial has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGM Financial's Interest Expense compare to BLK and BX?
IGM Financial's Interest Expense of C$-129 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Asset Management company?
A good Interest Expense depends on the Asset Management industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on IGM Financial and its competitors. IGM Financial's current Interest Expense is C$-129 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGM Financial stock overvalued right now?
Based on GuruFocus' analysis, IGM Financial (TSX:IGM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$50.89, compared to a current price of C$82.86 — trading 62.8% above its estimated fair value. The current Interest Expense is C$-129 Mil. IGM Financial's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Interest Expense is C$-129 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IGM Financial (TSX:IGM) Overvalued in 2026?

Based on GuruFocus' analysis, IGM Financial stock appears to be overvalued. The current stock price of C$82.86 is trading 62.8% above its estimated GF Value™ of C$50.89. GuruFocus considers IGM Financial to be Significantly Overvalued.

Key valuation signals for TSX:IGM:

  • Interest Expense: C$-129 Mil
  • GF Value™: C$50.89 vs. price of C$82.86 (62.8% above fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the TSX:IGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IGM Financial Business Description

Other Exchanges IGIFF:USAC7G:Germany
Address 447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5
IGM Financial is a leading nonbank Canadian wealth and asset management company. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. The company has two main operating segments, wealth management and asset management. As of December 2025, IGM's wealth management unit had CAD 159 billion in assets under advisement, or AUA, while the firm's asset management unit had CAD 151 billion in third-party assets under management, or AUM.
81GF Score

Get the complete analysis for TSX:IGM

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$82.86
Price
C$50.89
GF Value