Topicus com (TSXV:TOI) Interest Expense : C$-24 Mil (TTM As of Dec. 2023)

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What is Topicus com Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Topicus com's interest expense for the three months ended in Dec. 2023 was C$ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-24 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. Topicus com's Operating Income for the three months ended in Dec. 2023 was C$ 84 Mil. Topicus com's Interest Expense for the three months ended in Dec. 2023 was C$ -7 Mil. Topicus com's Interest Coverage for the quarter that ended in Dec. 2023 was 12.84. 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.

Topicus com Interest Expense Historical Data

The historical data trend for Topicus com'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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Topicus com Interest Expense Chart

Topicus com Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-5.13

-8.14

-14.41

-18.18

-24.33

Topicus com Quarterly Data
	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												-7.05	-5.13	-5.76	-6.70	-6.57

Topicus com 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$-24 Mil.

Topicus com (TSXV:TOI) 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.

Topicus com's Interest Expense for the three months ended in Dec. 2023 was C$-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$155 Mil.

Topicus com'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	*	84.355	/	-6.57
	=	12.84

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

Topicus com (TSXV:TOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Topicus com Inc (TSXV:TOI) » Definitions » Interest Expense

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TOITF:USA

Address

20 Adelaide Street East, Suite 1200, Toronto, ON, CAN, M5C 2T6

Website

https://www.topicus.com

Topicus com Inc is a provider of vertical market software and vertical market platforms to clients in the public and private sector. It acquires, builds, and manages leading software companies providing specialized, mission-critical, and high-impact software solutions that address the particular needs of customers. Substantial revenue is derived from maintenance and professional services offered by the firm.