iA Financial (TSX:IAG) Interest Expense : C$-57 Mil (TTM As of Mar. 2024)

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What is iA Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. iA Financial's interest expense for the three months ended in Mar. 2024 was C$ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-57 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. iA Financial's Operating Income for the three months ended in Mar. 2024 was C$ 322 Mil. iA Financial's Interest Expense for the three months ended in Mar. 2024 was C$ -17 Mil. iA Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 18.94. 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.

iA Financial Interest Expense Historical Data

The historical data trend for iA Financial'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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iA Financial Interest Expense Chart

iA Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-55.00

-69.00

-68.00

-51.00

-58.00

iA Financial 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															-18.00	-14.00	-19.00	-7.00	-17.00

iA Financial 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$-57 Mil.

iA Financial (TSX:IAG) 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.

iA Financial's Interest Expense for the three months ended in Mar. 2024 was C$-17 Mil. Its EBIT for the three months ended in Mar. 2024 was C$322 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1,500 Mil.

iA Financial's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	322	/	-17
	=	18.94

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

iA Financial (TSX:IAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » iA Financial Corp Inc (TSX:IAG) » Definitions » Interest Expense

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IAFNF:USA IAF.PR.B.PFD:Canada

Address

1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3

Website

http://www.ia.ca

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and U.S Operations.

Executives

Alain Bergeron

Senior Officer