MCAN Financial Group (TSX:MKP) Interest Expense : C$-138.1 Mil (TTM As of Mar. 2024)

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What is MCAN Financial Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MCAN Financial Group's interest expense for the three months ended in Mar. 2024 was C$ -39.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-138.1 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. MCAN Financial Group's Operating Income for the three months ended in Mar. 2024 was C$ Mil. MCAN Financial Group's Interest Expense for the three months ended in Mar. 2024 was C$ Mil. 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.

MCAN Financial Group Interest Expense Historical Data

The historical data trend for MCAN Financial 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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MCAN Financial Group Interest Expense Chart

MCAN Financial Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-51.34

-51.39

-56.38

-77.05

-122.75

MCAN Financial 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															-23.70	-27.16	-31.55	-40.34	-39.03

MCAN Financial 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$-138.1 Mil.

MCAN Financial Group (TSX:MKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MCAN Financial Group (TSX:MKP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAMTF:USA 885:Germany

Address

200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4

Website

https://www.mcanfinancial.com

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives majority of its revenues from mortgage income and equity income.

Executives

Glenn Doré

Director

MCAN Financial Group (TSX:MKP) Headlines

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