Tornado Global Hydrovacs (TSXV:TGH) Interest Expense : C$-0.6 Mil (TTM As of Mar. 2024)

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What is Tornado Global Hydrovacs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tornado Global Hydrovacs's interest expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.6 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. Tornado Global Hydrovacs's Operating Income for the three months ended in Mar. 2024 was C$ 3.0 Mil. Tornado Global Hydrovacs's Interest Expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Tornado Global Hydrovacs's Interest Coverage for the quarter that ended in Mar. 2024 was 38.09. 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.

Tornado Global Hydrovacs Interest Expense Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Interest Expense Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.14

-0.31

-0.36

-0.47

-0.66

Tornado Global Hydrovacs 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															-0.16	-0.16	-0.18	-0.16	-0.08

Tornado Global Hydrovacs 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$-0.6 Mil.

Tornado Global Hydrovacs (TSXV:TGH) 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.

Tornado Global Hydrovacs's Interest Expense for the three months ended in Mar. 2024 was C$-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$3.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$4.6 Mil.

Tornado Global Hydrovacs'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	*	2.971	/	-0.078
	=	38.09

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

Tornado Global Hydrovacs (TSXV:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (TSXV:TGH) » Definitions » Interest Expense

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TGHLF:USA

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Executives

Alastair James Robertson

Senior Officer