Consorcio AraB de CV (Consorcio AraB de CV) Interest Expense : $-4.2 Mil (TTM As of Mar. 2024)

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What is Consorcio AraB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Consorcio AraB de CV's interest expense for the three months ended in Mar. 2024 was $ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.2 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. Consorcio AraB de CV's Operating Income for the three months ended in Mar. 2024 was $ 9.8 Mil. Consorcio AraB de CV's Interest Expense for the three months ended in Mar. 2024 was $ -1.3 Mil. Consorcio AraB de CV's Interest Coverage for the quarter that ended in Mar. 2024 was 7.55. 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.

Consorcio AraB de CV Interest Expense Historical Data

The historical data trend for Consorcio AraB de CV'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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Consorcio AraB de CV Interest Expense Chart

Consorcio AraB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-3.14

-3.20

-2.92

-3.07

-3.68

Consorcio AraB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.15	-1.12	-1.75	-1.16	-1.30

Consorcio AraB de CV 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 $-4.2 Mil.

Consorcio AraB de CV (OTCPK:CNRFF) 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.

Consorcio AraB de CV's Interest Expense for the three months ended in Mar. 2024 was $-1.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $9.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $130.3 Mil.

Consorcio AraB de CV'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	*	9.794	/	-1.298
	=	7.55

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

Consorcio AraB de CV (Consorcio AraB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Consorcio Ara SAB de CV (OTCPK:CNRFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ARA:Mexico 4GJ:Germany

Address

Paseo de Tamarindos No. 90, Torre 1, Arcos Bosques Marco II, Piso 25, Bosques de las Lomas, Mexico, DF, MEX, 05120

Website

http://www.consorcioara.com.mx

Consorcio Ara SAB de CV is a Mexican housing development company. The company designs, develops, constructs, and markets low income, affordable entry level, middle income, and residential housing developments. In addition, the group rents mini-supermarkets under operating leases in Mexico. Consorcio derives the majority of its revenue offering its services to middle-income sector.

Consorcio AraB de CV (Consorcio AraB de CV) Headlines

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Q4 2023 Consorcio Ara SAB de CV Earnings Call Transcript

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