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Redishred Capital (TSXV:KUT) Interest Expense : C$-2.47 Mil (TTM As of Mar. 2024)


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What is Redishred Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Redishred Capital's interest expense for the three months ended in Mar. 2024 was C$ -0.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-2.47 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. Redishred Capital's Operating Income for the three months ended in Mar. 2024 was C$ 1.10 Mil. Redishred Capital's Interest Expense for the three months ended in Mar. 2024 was C$ -0.61 Mil. Redishred Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 1.81. 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.

Redishred Capital Interest Expense Historical Data

The historical data trend for Redishred Capital'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.

Redishred Capital Interest Expense Chart

Redishred Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.63 -1.00 -1.24 -1.90 -2.51

Redishred Capital 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.64 -0.61 -0.63 -0.63 -0.61

Redishred Capital 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$-2.47 Mil.

* 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.

Redishred Capital  (TSXV:KUT) Interest Expense Explanation

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 higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Redishred Capital's Interest Expense for the three months ended in Mar. 2024 was C$-0.61 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$1.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$12.14 Mil.

Redishred Capital'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*1.098/-0.607
=1.81

* 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.

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

Redishred Capital (TSXV:KUT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (TSXV:KUT) » Definitions » Interest Expense
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Traded in Other Exchanges
RDCPF:USA
Address
2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7
Website
https://www.proshred.com
Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).
Executives
Robert Michael Crozier Director

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