Tricon Residential (TSX:TCN) Interest Expense : C$-402 Mil (TTM As of Dec. 2023)

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What is Tricon Residential Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tricon Residential's interest expense for the three months ended in Dec. 2023 was C$ -99 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-402 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. Tricon Residential's Operating Income for the three months ended in Dec. 2023 was C$ 133 Mil. Tricon Residential's Interest Expense for the three months ended in Dec. 2023 was C$ -99 Mil. Tricon Residential's Interest Coverage for the quarter that ended in Dec. 2023 was 1.35. 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.

Tricon Residential Interest Expense Historical Data

The historical data trend for Tricon Residential'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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Tricon Residential Interest Expense Chart

Tricon Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-42.72

-161.68

-167.82

-264.43

-391.74

Tricon Residential Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-89.04	-99.46	-100.98	-103.15	-98.76

Tricon Residential 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-402 Mil.

Tricon Residential (TSX:TCN) 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.

Tricon Residential's Interest Expense for the three months ended in Dec. 2023 was C$-99 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$7,382 Mil.

Tricon Residential's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	133.171	/	-98.761
	=	1.35

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. Tricon Residential Inc interest coverage is 1.31, which is low.

Tricon Residential (TSX:TCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tricon Residential Inc (TSX:TCN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TCN:USA 331:Germany

Address

7 St. Thomas Street, Suite 801, Toronto, ON, CAN, M5S 2B7

Website

https://www.triconresidential.com

Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 36,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.

Executives

Ira Gluskin

Director