ADF Group (TSX:DRX) Interest Expense : C$-3.6 Mil (TTM As of Jan. 2024)

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What is ADF Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ADF Group's interest expense for the three months ended in Jan. 2024 was C$ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-3.6 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. ADF Group's Operating Income for the three months ended in Jan. 2024 was C$ 14.0 Mil. ADF Group's Interest Expense for the three months ended in Jan. 2024 was C$ -1.8 Mil. ADF Group's Interest Coverage for the quarter that ended in Jan. 2024 was 7.83. 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.

ADF Group Interest Expense Historical Data

The historical data trend for ADF Group'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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ADF Group Interest Expense Chart

ADF Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-1.93

-1.52

-1.06

-1.98

-3.61

ADF Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.96	-0.84	-0.63	-0.35	-1.79

ADF Group 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.6 Mil.

ADF Group (TSX:DRX) 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.

ADF Group's Interest Expense for the three months ended in Jan. 2024 was C$-1.8 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$14.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$45.0 Mil.

ADF Group's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	14.033	/	-1.792
	=	7.83

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

ADF Group (TSX:DRX) Business Description

Industry

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ADFJF:USA 4QM:Germany

Address

300, rue Henry-Bessemer, Terrebonne, QC, CAN, J6Y 1T3

Website

https://www.adfgroup.com

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators. The company operates in the United States and Canada.

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