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Black Diamond Group (TSX:BDI) Interest Expense : C$-13.9 Mil (TTM As of Mar. 2024)


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What is Black Diamond Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Black Diamond Group's interest expense for the three months ended in Mar. 2024 was C$ -3.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-13.9 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. Black Diamond Group's Operating Income for the three months ended in Mar. 2024 was C$ 6.7 Mil. Black Diamond Group's Interest Expense for the three months ended in Mar. 2024 was C$ -3.8 Mil. Black Diamond Group's Interest Coverage for the quarter that ended in Mar. 2024 was 1.77. 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.

Black Diamond Group Interest Expense Historical Data

The historical data trend for Black Diamond 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.

* Premium members only.

Black Diamond Group Interest Expense Chart

Black Diamond Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.41 -4.30 -4.85 -7.73 -13.04

Black Diamond Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.93 -3.74 -3.71 -2.67 -3.78

Black Diamond 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-13.9 Mil.

* 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.

Black Diamond Group  (TSX:BDI) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Black Diamond Group's Interest Expense for the three months ended in Mar. 2024 was C$-3.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$6.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$211.9 Mil.

Black Diamond Group'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*6.712/-3.783
=1.77

* 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.

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

Black Diamond Group (TSX:BDI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (TSX:BDI) » Definitions » Interest Expense
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Traded in Other Exchanges
BDIMF:USA 8B8:Germany
Address
440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9
Website
https://www.blackdiamondgroup.com
Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.
Executives
Steve Stein Director

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