Bri-Chem (TSX:BRY) Interest Expense : C$-3.9 Mil (TTM As of Mar. 2024)

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What is Bri-Chem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bri-Chem's interest expense for the three months ended in Mar. 2024 was C$ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-3.9 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. Bri-Chem's Operating Income for the three months ended in Mar. 2024 was C$ -0.1 Mil. Bri-Chem's Interest Expense for the three months ended in Mar. 2024 was C$ -1.0 Mil. Bri-Chem did not have earnings to cover the interest expense. 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.

Bri-Chem Interest Expense Historical Data

The historical data trend for Bri-Chem'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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Bri-Chem Interest Expense Chart

Bri-Chem Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.66

-2.05

-1.70

-2.56

-3.88

Bri-Chem 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															-0.92	-0.95	-1.01	-1.00	-0.99

Bri-Chem 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$-3.9 Mil.

Bri-Chem (TSX:BRY) 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.

Bri-Chem's Interest Expense for the three months ended in Mar. 2024 was C$-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$7.3 Mil.

Bri-Chem's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Bri-Chem did not have earnings to cover the interest expense.

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

Bri-Chem (TSX:BRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bri-Chem Corp (TSX:BRY) » Definitions » Interest Expense

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BRYFF:USA 5JN:Germany

Address

27075 Acheson Road, Acheson, AB, CAN, T7X 6B1

Website

https://www.brichem.com

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. A majority of its revenue is derived from the distribution of fluids in the United States of America.