The North West Co (TSX:NWC) Interest Expense : C$-20 Mil (TTM As of Jan. 2024)

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What is The North West Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The North West Co's interest expense for the three months ended in Jan. 2024 was C$ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-20 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. The North West Co's Operating Income for the three months ended in Jan. 2024 was C$ 52 Mil. The North West Co's Interest Expense for the three months ended in Jan. 2024 was C$ -5 Mil. The North West Co's Interest Coverage for the quarter that ended in Jan. 2024 was 10.29. 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.

The North West Co Interest Expense Historical Data

The historical data trend for The North West Co'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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The North West Co Interest Expense Chart

The North West Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-20.95

-17.51

-14.16

-15.85

-19.81

The North West Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-4.42	-4.72	-4.87	-5.21	-5.02

The North West Co 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-20 Mil.

The North West Co (TSX:NWC) 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.

The North West Co's Interest Expense for the three months ended in Jan. 2024 was C$-5 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$386 Mil.

The North West Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	51.697	/	-5.024
	=	10.29

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

The North West Co (TSX:NWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The North West Co Inc (TSX:NWC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NNWWF:USA 3NW:Germany

Address

77 Main Street, Winnipeg, MB, CAN, R3C 2R1

Website

https://www.northwest.ca

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company's revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International. The company generates maximum revenue from Canada.

Executives

Leanne Flewitt

Senior Officer

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