Aegis Brands (TSX:AEG) Interest Expense : C$-3.38 Mil (TTM As of Mar. 2024)

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What is Aegis Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aegis Brands's interest expense for the three months ended in Mar. 2024 was C$ -0.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-3.38 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. Aegis Brands's Operating Income for the three months ended in Mar. 2024 was C$ 0.59 Mil. Aegis Brands's Interest Expense for the three months ended in Mar. 2024 was C$ -0.86 Mil. Aegis Brands's Interest Coverage for the quarter that ended in Mar. 2024 was 0.68. 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.

Aegis Brands Interest Expense Historical Data

The historical data trend for Aegis Brands'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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Aegis Brands Interest Expense Chart

Aegis Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.48

-0.51

-1.09

-3.67

Aegis Brands 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															-1.07	-0.92	-0.85	-0.76	-0.86

Aegis Brands 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$-3.38 Mil.

Aegis Brands (TSX:AEG) 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.

Aegis Brands's Interest Expense for the three months ended in Mar. 2024 was C$-0.86 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$0.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$30.27 Mil.

Aegis Brands'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	*	0.587	/	-0.861
	=	0.68

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. Aegis Brands Inc.s earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Aegis Brands (TSX:AEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Aegis Brands Inc. (TSX:AEG) » Definitions » Interest Expense

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SCUPF:USA

Address

2040 Yonge Street, Suite 200B, Toronto, ON, CAN, M4S 1Z9

Website

https://www.aegisbrands.ca

Aegis Brands Inc. is a consolidator of brands in the food and beverage space with the view to allow entrepreneurial spirit while providing shared services that encourage unlimited growth.. The company operates the Second Cup Coffee Co TM specialty coffee business as part of a portfolio of brands that also includes its retail brands Bridgehead Coffee and Hemisphere Cannabis CoTM. The company owns the trademarks, trade names, operating procedures and systems and other intellectual property used in connection with the operation of these brands in Canada. Its revenues comprise royalties from franchised cafes, the sale of goods from company-operated cafes and retail cannabis dispensaries, the sale of goods through retail and other ancillary channels, and other service fees.

Executives

Melinda Lee

Senior Officer