South Bow (TSX:SOBO) Interest Expense : C$-158.0 Mil (TTM As of Sep. 2024)

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What is South Bow Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. South Bow's interest expense for the three months ended in Sep. 2024 was C$ -158.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-158.0 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. South Bow's Operating Income for the three months ended in Sep. 2024 was C$ 246.0 Mil. South Bow's Interest Expense for the three months ended in Sep. 2024 was C$ -158.0 Mil. South Bow's Interest Coverage for the quarter that ended in Sep. 2024 was 1.56. 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.

South Bow Interest Expense Historical Data

The historical data trend for South Bow'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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South Bow Interest Expense Chart

South Bow Annual Data

Trend

Dec23

Interest Expense

South Bow Quarterly Data
	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	-100.00	-	-	-	-158.00

South Bow 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-158.0 Mil.

South Bow (TSX:SOBO) 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.

South Bow's Interest Expense for the three months ended in Sep. 2024 was C$-158.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$246.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$7,806.0 Mil.

South Bow's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	246	/	-158
	=	1.56

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. South Bow Corp interest coverage is 1.56, which is low.

South Bow Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (TSX:SOBO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SOBO:USA

Address

450 – 1 Street SW, Calgary, AB, CAN, T2P 5H1

Website

https://www.southbow.com

South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts.

Executives

Blaine M. Trout	Senior Officer
Bevin Mark Wirzba	Senior Officer
Richard Prior	Senior Officer
Melville George Lewis	Director
Marc Palazzo	Senior Officer
P. Van R. Dafoe	Senior Officer

South Bow Headlines

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