Boyd Group Services (TSX:BYD) Interest Expense : C$-75 Mil (TTM As of Mar. 2024)

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What is Boyd Group Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boyd Group Services's interest expense for the three months ended in Mar. 2024 was C$ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-75 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. Boyd Group Services's Operating Income for the three months ended in Mar. 2024 was C$ 39 Mil. Boyd Group Services's Interest Expense for the three months ended in Mar. 2024 was C$ -22 Mil. Boyd Group Services's Interest Coverage for the quarter that ended in Mar. 2024 was 1.80. 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.

Boyd Group Services Interest Expense Historical Data

The historical data trend for Boyd Group Services'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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Boyd Group Services Interest Expense Chart

Boyd Group Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

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Dec23

Interest Expense

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-38.50

-40.56

-35.40

-50.68

-69.39

Boyd Group Services 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															-16.51	-16.15	-18.20	-18.85	-21.82

Boyd Group Services 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$-75 Mil.

Boyd Group Services (TSX:BYD) 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.

Boyd Group Services's Interest Expense for the three months ended in Mar. 2024 was C$-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1,421 Mil.

Boyd Group Services'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	*	39.375	/	-21.823
	=	1.80

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

Boyd Group Services (TSX:BYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Boyd Group Services Inc (TSX:BYD) » Definitions » Interest Expense

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Traded in Other Exchanges

BYDGF:USA

Address

1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6

Website

https://www.boydgroup.com

Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside, and first notice of loss services.