TMX Group (TSX:X) Interest Expense : C$-1,799 Mil (TTM As of Mar. 2024)

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What is TMX Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TMX Group's interest expense for the three months ended in Mar. 2024 was C$ -473 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1,799 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. TMX Group's Operating Income for the three months ended in Mar. 2024 was C$ 142 Mil. TMX Group's Interest Expense for the three months ended in Mar. 2024 was C$ -473 Mil. TMX Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.30. 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.

TMX Group Interest Expense Historical Data

The historical data trend for TMX 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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TMX Group Interest Expense Chart

TMX Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-39.40

-195.50

-91.60

-785.80

-1,749.70

TMX 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															-423.40	-396.60	-442.30	-487.50	-472.80

TMX 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$-1,799 Mil.

TMX Group (TSX:X) 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.

TMX Group's Interest Expense for the three months ended in Mar. 2024 was C$-473 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$142 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$2,119 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	141.7	/	-472.8
	=	0.30

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TMX Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

TMX Group (TSX:X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TMX Group Ltd (TSX:X) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TMXXF:USA

Address

300 - 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3

Website

https://www.tmx.com

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore.

Executives

Elias Anastasopoulos

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)