Madison Pacific Properties (TSX:MPC) Interest Expense : C$-26.43 Mil (TTM As of Feb. 2024)

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What is Madison Pacific Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Madison Pacific Properties's interest expense for the three months ended in Feb. 2024 was C$ -3.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-26.43 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. Madison Pacific Properties's Operating Income for the three months ended in Feb. 2024 was C$ 6.36 Mil. Madison Pacific Properties's Interest Expense for the three months ended in Feb. 2024 was C$ -3.17 Mil. Madison Pacific Properties's Interest Coverage for the quarter that ended in Feb. 2024 was 2.01. 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.

Madison Pacific Properties Interest Expense Historical Data

The historical data trend for Madison Pacific Properties'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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Madison Pacific Properties Interest Expense Chart

Madison Pacific Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-7.94

-8.89

-9.52

-10.45

-10.69

Madison Pacific Properties Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-2.55	-2.58	-2.90	-17.78	-3.17

Madison Pacific Properties 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-26.43 Mil.

Madison Pacific Properties (TSX:MPC) 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.

Madison Pacific Properties's Interest Expense for the three months ended in Feb. 2024 was C$-3.17 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$6.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$190.73 Mil.

Madison Pacific Properties's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	6.363	/	-3.17
	=	2.01

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

Madison Pacific Properties (TSX:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Madison Pacific Properties Inc (TSX:MPC) » Definitions » Interest Expense

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MPC.C:Canada

Address

389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1

Website

https://www.madisonpacific.ca

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.