Builders Capital Mortgage (TSXV:BCF) Interest Expense : C$-0.55 Mil (TTM As of Mar. 2024)

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What is Builders Capital Mortgage Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Builders Capital Mortgage's interest expense for the three months ended in Mar. 2024 was C$ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.55 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. Builders Capital Mortgage's Operating Income for the three months ended in Mar. 2024 was C$ Mil. Builders Capital Mortgage'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.

Builders Capital Mortgage Interest Expense Historical Data

The historical data trend for Builders Capital Mortgage'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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Builders Capital Mortgage Interest Expense Chart

Builders Capital Mortgage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.07

-0.10

-0.06

-0.29

-0.59

Builders Capital Mortgage 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															-0.13	-0.14	-0.16	-0.16	-0.09

Builders Capital Mortgage 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$-0.55 Mil.

Builders Capital Mortgage (TSXV:BCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Builders Capital Mortgage Corp (TSXV:BCF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

260 - 1414 8th Street SW, Calgary, AB, CAN, T2R 1J6

Website

https://www.builderscapital.ca

Builders Capital Mortgage Corp is a mortgage lender providing short?term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. Its investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (MIC).

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