Sagen MI Canada (TSX:MIC.PR.A.PFD) Interest Expense : C$-39.10 Mil (TTM As of Mar. 2024)

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What is Sagen MI Canada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sagen MI Canada's interest expense for the three months ended in Mar. 2024 was C$ -9.80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-39.10 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. Sagen MI Canada's Operating Income for the three months ended in Mar. 2024 was C$ 205.18 Mil. Sagen MI Canada's Interest Expense for the three months ended in Mar. 2024 was C$ -9.80 Mil. Sagen MI Canada's Interest Coverage for the quarter that ended in Mar. 2024 was 20.95. 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.

Sagen MI Canada Interest Expense Historical Data

The historical data trend for Sagen MI Canada'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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Sagen MI Canada Interest Expense Chart

Sagen MI Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.31

-25.00

-38.55

-38.59

-37.83

Sagen MI Canada 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															-8.53	-9.52	-9.85	-9.94	-9.80

Sagen MI Canada 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$-39.10 Mil.

Sagen MI Canada (TSX:MIC.PR.A.PFD) 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.

Sagen MI Canada's Interest Expense for the three months ended in Mar. 2024 was C$-9.80 Mil. Its EBIT for the three months ended in Mar. 2024 was C$205.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$928.07 Mil.

Sagen MI Canada's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	205.176	/	-9.795
	=	20.95

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

Sagen MI Canada (TSX:MIC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagen MI Canada Inc (TSX:MIC.PR.A.PFD) » Definitions » Interest Expense

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Address

2060 Winston Park Drive, Suite 300, Oakville, ON, CAN, L6H 5R7

Website

https://www.sagen.ca

Sagen MI Canada Inc private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The company operates exclusively in Canada, with roughly half its policies in Ontario and remaining policies in Alberta, British Columbia, Quebec and Other.

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