Premiumome (TSX:PIC.A) Interest Expense : C$0.00 Mil (TTM As of Oct. 2023)

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What is Premiumome Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Premiumome's interest expense for the six months ended in Oct. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was C$0.00 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. Premiumome's Operating Income for the six months ended in Oct. 2023 was C$ -1.64 Mil. Premiumome's Interest Expense for the six months ended in Oct. 2023 was C$ 0.00 Mil. Premiumome has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Premiumome Interest Expense Historical Data

The historical data trend for Premiumome'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.

Premiumome Interest Expense Chart

Premiumome Annual Data

Trend

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Interest Expense

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Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Premiumome 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Premiumome (TSX:PIC.A) 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.

Premiumome's Interest Expense for the six months ended in Oct. 2023 was C$0.00 Mil. Its Operating Income for the six months ended in Oct. 2023 was C$-1.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was C$0.00 Mil.

Premiumome's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Premiumome had no long-term debt ⁽¹⁾.

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

Good Sign:

Premium Income Corp has no debt.

Premiumome (TSX:PIC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » Interest Expense

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PIC.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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