Uniteds (TSX:UNC) Interest Expense : C$-0.3 Mil (TTM As of Dec. 2023)

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What is Uniteds Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Uniteds's interest expense for the three months ended in Dec. 2023 was C$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.3 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. Uniteds's Operating Income for the three months ended in Dec. 2023 was C$ Mil. Uniteds's Interest Expense for the three months ended in Dec. 2023 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.

Uniteds Interest Expense Historical Data

The historical data trend for Uniteds'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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Uniteds Interest Expense Chart

Uniteds Annual Data

Trend

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Mar23

Interest Expense

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-0.96

Uniteds Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.74	-0.22	-	-	-0.13

Uniteds 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.3 Mil.

Uniteds (TSX:UNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Corporations Ltd (TSX:UNC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.ucorp.ca

United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long-term common equities will outperform fixed income instruments or balanced funds. The company invests primarily in United States, Europe, Asia, Canada, Australia, and Mexico.

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