Sucro (TSXV:SUG) Interest Expense : C$-14.3 Mil (TTM As of Mar. 2024)

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What is Sucro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sucro's interest expense for the three months ended in Mar. 2024 was C$ -7.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-14.3 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. Sucro's Operating Income for the three months ended in Mar. 2024 was C$ 40.0 Mil. Sucro's Interest Expense for the three months ended in Mar. 2024 was C$ -7.0 Mil. Sucro's Interest Coverage for the quarter that ended in Mar. 2024 was 5.72. 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.

Sucro Interest Expense Historical Data

The historical data trend for Sucro'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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Sucro Interest Expense Chart

Sucro Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-6.80

-13.59

-30.67

Sucro Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-5.29	-7.29	-	-	-7.00

Sucro 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-14.3 Mil.

Sucro (TSXV:SUG) 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.

Sucro's Interest Expense for the three months ended in Mar. 2024 was C$-7.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$40.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$65.2 Mil.

Sucro's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	40.038	/	-7.004
	=	5.72

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

Sucro (TSXV:SUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sucro Ltd (TSXV:SUG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Ponce de Leon Blvd, Suite 1204, Coral Gables, FL, USA, 33134

Website

https://www.sucro.us

Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services primarily to the Trade segment.

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