Sleep Country Canada Holdings (TSX:ZZZ) Interest Expense : C$-26.1 Mil (TTM As of Dec. 2023)

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What is Sleep Country Canada Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sleep Country Canada Holdings's interest expense for the three months ended in Dec. 2023 was C$ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-26.1 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. Sleep Country Canada Holdings's Operating Income for the three months ended in Dec. 2023 was C$ 54.4 Mil. Sleep Country Canada Holdings's Interest Expense for the three months ended in Dec. 2023 was C$ -6.5 Mil. Sleep Country Canada Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 8.34. 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.

Sleep Country Canada Holdings Interest Expense Historical Data

The historical data trend for Sleep Country Canada Holdings'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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Sleep Country Canada Holdings Interest Expense Chart

Sleep Country Canada Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.60

-17.56

-15.78

-15.71

-24.78

Sleep Country Canada Holdings 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															-4.09	-5.02	-6.64	-7.95	-6.52

Sleep Country Canada Holdings 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$-26.1 Mil.

Sleep Country Canada Holdings (TSX:ZZZ) 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.

Sleep Country Canada Holdings's Interest Expense for the three months ended in Dec. 2023 was C$-6.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$54.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$449.3 Mil.

Sleep Country Canada Holdings'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	*	54.396	/	-6.521
	=	8.34

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

Sleep Country Canada Holdings (TSX:ZZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sleep Country Canada Holdings Inc (TSX:ZZZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SCCAF:USA 1S2:Germany

Address

7920 Airport Road, Brampton, ON, CAN, L6T 4N8

Website

https://www.sleepcountry.ca

Sleep Country Canada Holdings Inc is engaged in the retail of mattresses. It operates in the retail marketplace, offering mattresses and bedding-related products. The company operates in three segments Sleep Country/Dormez-vous, Endy, and Hush. The company sells bedding products such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards under brands like Sealy, Serta, Simmons, Kingsdown, Contour Collection, Tempur-Pedic, iComfort, Sunset Collection, Dormeo Octaspring, and Natura. The company operates only in Canada.