Montfort Capital (Montfort Capital) Interest Expense : $-27.18 Mil (TTM As of Mar. 2024)

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What is Montfort Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Montfort Capital's interest expense for the three months ended in Mar. 2024 was $ -6.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-27.18 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. Montfort Capital's Operating Income for the three months ended in Mar. 2024 was $ 5.17 Mil. Montfort Capital's Interest Expense for the three months ended in Mar. 2024 was $ -6.95 Mil. Montfort Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 0.74. 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.

Montfort Capital Interest Expense Historical Data

The historical data trend for Montfort 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.

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Montfort Capital Interest Expense Chart

Montfort Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec21

Dec22

Dec23

Interest Expense

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-1.06

-1.14

-11.25

-26.73

Montfort Capital Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.38	-7.08	-6.69	-6.46	-6.95

Montfort 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 $-27.18 Mil.

Montfort Capital (OTCPK:MONTF) 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.

Montfort Capital's Interest Expense for the three months ended in Mar. 2024 was $-6.95 Mil. Its Operating Income for the three months ended in Mar. 2024 was $5.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $46.84 Mil.

Montfort 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	*	5.173	/	-6.949
	=	0.74

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Montfort Capital Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Montfort Capital (Montfort Capital) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montfort Capital Corp (OTCPK:MONTF) » Definitions » Interest Expense

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MONT.PR.A.PFD:Canada MONT:Canada

Address

181 Bay Street, Suite 2920, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.montfortcapital.com

Montfort Capital Corp manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. Its mission is to create value for shareholders by leveraging a tech-enabled lending platform to provide private debt capital to growing businesses through its group of specialty finance companies.