Freehold Royalties (LTS:0UWL) Interest Expense : C$-11.7 Mil (TTM As of Mar. 2024)

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What is Freehold Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Freehold Royalties's interest expense for the three months ended in Mar. 2024 was C$ -3.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-11.7 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. Freehold Royalties's Operating Income for the three months ended in Mar. 2024 was C$ 40.3 Mil. Freehold Royalties's Interest Expense for the three months ended in Mar. 2024 was C$ -3.8 Mil. Freehold Royalties's Interest Coverage for the quarter that ended in Mar. 2024 was 10.74. 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.

Freehold Royalties Interest Expense Historical Data

The historical data trend for Freehold Royalties'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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Freehold Royalties Interest Expense Chart

Freehold Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.25

-3.26

-3.38

-6.12

-10.28

Freehold Royalties 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															-2.37	-2.61	-2.86	-2.45	-3.76

Freehold Royalties 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$-11.7 Mil.

Freehold Royalties (LTS:0UWL) 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.

Freehold Royalties's Interest Expense for the three months ended in Mar. 2024 was C$-3.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$40.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$224.9 Mil.

Freehold Royalties'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	*	40.323	/	-3.755
	=	10.74

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

Freehold Royalties (LTS:0UWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (LTS:0UWL) » Definitions » Interest Expense

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Traded in Other Exchanges

FRHLF:USA 1FH:Germany FRU:Canada

Address

517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8

Website

https://www.freeholdroyalties.com

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.

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