The Keg Royaltiesome Fund (TSX:KEG.UN) Interest Expense : C$-14.31 Mil (TTM As of Mar. 2024)

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What is The Keg Royaltiesome Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Keg Royaltiesome Fund's interest expense for the three months ended in Mar. 2024 was C$ -3.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-14.31 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. The Keg Royaltiesome Fund's Operating Income for the three months ended in Mar. 2024 was C$ 7.14 Mil. The Keg Royaltiesome Fund's Interest Expense for the three months ended in Mar. 2024 was C$ -3.56 Mil. The Keg Royaltiesome Fund's Interest Coverage for the quarter that ended in Mar. 2024 was 2.01. 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.

The Keg Royaltiesome Fund Interest Expense Historical Data

The historical data trend for The Keg Royaltiesome Fund'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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The Keg Royaltiesome Fund Interest Expense Chart

The Keg Royaltiesome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.69

-8.61

-9.73

-13.48

-14.43

The Keg Royaltiesome Fund 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															-3.68	-3.42	-3.50	-3.84	-3.56

The Keg Royaltiesome Fund 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$-14.31 Mil.

The Keg Royaltiesome Fund (TSX:KEG.UN) 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.

The Keg Royaltiesome Fund's Interest Expense for the three months ended in Mar. 2024 was C$-3.56 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$7.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$13.95 Mil.

The Keg Royaltiesome Fund'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	*	7.137	/	-3.557
	=	2.01

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

The Keg Royaltiesome Fund (TSX:KEG.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » The Keg Royalties Income Fund (TSX:KEG.UN) » Definitions » Interest Expense

Comparable Companies

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KRIUF:USA

Address

10100 Shellbridge Way, Richmond, BC, CAN, V6X 2W7

Website

http://www.kegincomefund.com

The Keg Royalties Income Fund is a Canada-based company. The organization works in the Restaurant business sector. Its primary activity is operating and franchising keg steakhouses and bar restaurants in Canada and the United States. The target market of this company is those people who want a higher-end casual dining experience.

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