Canso Select Opportunities Fund (TSX:SCW.UN) Interest Expense: C$-0.21 Mil (TTM As of Jun. 2018)


What is Canso Select Opportunities Fund Interest Expense?

Canso Select Opportunities Fund TSX:SCW.UN Interest Expense is C$-0.21 Mil as of Jun. 2018.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canso Select Opportunities Fund's interest expense for the six months ended in Jun. 2018 was C$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2018 was C$-0.21 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. Canso Select Opportunities Fund's Operating Income for the six months ended in Jun. 2018 was C$ 0.29 Mil. Canso Select Opportunities Fund's Interest Expense for the six months ended in Jun. 2018 was C$ -0.05 Mil. Canso Select Opportunities Fund's Interest Coverage for the quarter that ended in Jun. 2018 was 5.39. 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.

Canso Select Opportunities Fund  (TSX:SCW.UN) 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.

Canso Select Opportunities Fund's Interest Expense for the six months ended in Jun. 2018 was C$-0.05 Mil. Its Operating Income for the six months ended in Jun. 2018 was C$0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2018 was C$0.00 Mil.

Canso Select Opportunities Fund's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2018 )/Interest Expense (Q: Jun. 2018 )
=-1*0.291/-0.054
=5.39

* 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.

Canso Select Opportunities Fund Interest Expense Historical Data

* Premium members only.

The historical data trend for Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Interest Expense Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
-0.25 -1.37 -0.65 -0.57 -0.37

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 -0.91 -0.21 -0.16 -0.05

Canso Select Opportunities Fund 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 Jun. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-0.21 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$-0.21 Mil mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a Interest Expense of C$-0.21 Mil as of Jun. 2018. Interest Expense is the amount a company pays on its long-term debt. View historical data on Canso Select Opportunities Fund and its competitors.
Is Canso Select Opportunities Fund's Interest Expense too high?
Canso Select Opportunities Fund's current Interest Expense is C$-0.21 Mil.
How does Canso Select Opportunities Fund's Interest Expense compare to competitors?
Canso Select Opportunities Fund's Interest Expense of C$-0.21 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 Canso Select Opportunities Fund and its competitors. Canso Select Opportunities Fund's current Interest Expense is C$-0.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current Interest Expense of C$-0.21 Mil. The current Interest Expense is C$-0.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Canso Select Opportunities Fund (TSX:SCW.UN), the current Interest Expense is C$-0.21 Mil as of Jun. 2018. 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.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.