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Calian Group (TSX:CGY) Interest Expense : C$-4.2 Mil (TTM As of Mar. 2024)


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What is Calian Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Calian Group's interest expense for the three months ended in Mar. 2024 was C$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-4.2 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. Calian Group's Operating Income for the three months ended in Mar. 2024 was C$ 15.6 Mil. Calian Group's Interest Expense for the three months ended in Mar. 2024 was C$ -1.7 Mil. Calian Group's Interest Coverage for the quarter that ended in Mar. 2024 was 8.98. 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.

Calian Group Interest Expense Historical Data

The historical data trend for Calian Group'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.

* Premium members only.

Calian Group Interest Expense Chart

Calian Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.66 -0.81 -0.75 -0.90

Calian Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.10 -0.14 -0.79 -1.55 -1.73

Calian Group 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$-4.2 Mil.

* 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.

Calian Group  (TSX:CGY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Calian Group's Interest Expense for the three months ended in Mar. 2024 was C$-1.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$15.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$101.9 Mil.

Calian Group'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*15.579/-1.734
=8.98

* 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.

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

Calian Group (TSX:CGY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Calian Group Ltd (TSX:CGY) » Definitions » Interest Expense
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Traded in Other Exchanges
CLNFF:USA
Address
770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8
Website
https://www.calian.com
Calian Group Ltd provides services and solutions to both industry and government customers in the areas of health, learning, defence, security, aerospace, engineering, AgTech, satellite communications (satcom), and IT. The company operates through four segments namely Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). It generates maximum revenue from the ITCS segment. The ITCS portfolio of the company includes on-demand resourcing, IT and cybersecurity consulting, managed services, Software as a Service (Saas) and others. Geographically, the company generates the majority of its revenue from its operations in Canada and also has presence in United States, Europe and other regions.
Executives
George Brian Weber Director

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