Element Lifestyle Retirement (TSXV:ELM) Interest Expense : C$-0.52 Mil (TTM As of Feb. 2024)

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What is Element Lifestyle Retirement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Element Lifestyle Retirement's interest expense for the three months ended in Feb. 2024 was C$ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.52 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. Element Lifestyle Retirement's Operating Income for the three months ended in Feb. 2024 was C$ -0.02 Mil. Element Lifestyle Retirement's Interest Expense for the three months ended in Feb. 2024 was C$ -0.07 Mil. Element Lifestyle Retirement 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.

Element Lifestyle Retirement Interest Expense Historical Data

The historical data trend for Element Lifestyle Retirement'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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Element Lifestyle Retirement Interest Expense Chart

Element Lifestyle Retirement Annual Data

Trend

Mar14

Mar15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-0.24

-0.38

-0.40

-0.66

-0.43

Element Lifestyle Retirement Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.31	-0.07	-0.07	-0.07

Element Lifestyle Retirement 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.52 Mil.

Element Lifestyle Retirement (TSXV:ELM) 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.

Element Lifestyle Retirement's Interest Expense for the three months ended in Feb. 2024 was C$-0.07 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$1.89 Mil.

Element Lifestyle Retirement's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Element Lifestyle Retirement did not have earnings to cover the interest expense.

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

Element Lifestyle Retirement (TSXV:ELM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Element Lifestyle Retirement Inc (TSXV:ELM) » Definitions » Interest Expense

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Address

438 West King Edward Avenue, Vancouver, BC, CAN, V5Y 0M5

Website

https://www.elementlifestyleretirement.com

Element Lifestyle Retirement Inc is a Canada based company that operates retirement communities. The company provides specialized development expertise and flexible, management services for senior retirement communities. Its consulting services include property selection, assembly, and acquisition; municipal approval and land entitlement processes; financing; marketing, sales and leasing, and construction project management.

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