Lumine Group (TSXV:LMN) Interest Expense : C$-19.9 Mil (TTM As of Mar. 2024)

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What is Lumine Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lumine Group's interest expense for the three months ended in Mar. 2024 was C$ -4.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-19.9 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. Lumine Group's Operating Income for the three months ended in Mar. 2024 was C$ 30.6 Mil. Lumine Group's Interest Expense for the three months ended in Mar. 2024 was C$ -4.3 Mil. Lumine Group's Interest Coverage for the quarter that ended in Mar. 2024 was 7.17. 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.

Lumine Group Interest Expense Historical Data

The historical data trend for Lumine 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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Lumine Group Interest Expense Chart

Lumine Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.94

-0.79

-16.37

Lumine Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-0.70	-6.97	-4.49	-4.20	-4.26

Lumine 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$-19.9 Mil.

Lumine Group (TSXV:LMN) 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.

Lumine Group's Interest Expense for the three months ended in Mar. 2024 was C$-4.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$30.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$330.2 Mil.

Lumine 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	*	30.579	/	-4.264
	=	7.17

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

Lumine Group (TSXV:LMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Interest Expense

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LMGIF:USA

Address

5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5

Website

https://www.luminegroup.com

Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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