BDIMF (Black Diamond Group) Interest Expense : $-10.5 Mil (TTM As of Sep. 2024)

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What is Black Diamond Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Black Diamond Group's interest expense for the three months ended in Sep. 2024 was $ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-10.5 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. Black Diamond Group's Operating Income for the three months ended in Sep. 2024 was $ 10.8 Mil. Black Diamond Group's Interest Expense for the three months ended in Sep. 2024 was $ -3.2 Mil. Black Diamond Group's Interest Coverage for the quarter that ended in Sep. 2024 was 3.37. 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.

Black Diamond Group Interest Expense Historical Data

The historical data trend for Black Diamond 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.

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Black Diamond Group Interest Expense Chart

Black Diamond Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.87

-3.36

-3.79

-5.69

-9.72

Black Diamond Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.74	-1.99	-2.80	-2.52	-3.20

Black Diamond 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.5 Mil.

Black Diamond Group (OTCPK:BDIMF) 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.

Black Diamond Group's Interest Expense for the three months ended in Sep. 2024 was $-3.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was $10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $192.8 Mil.

Black Diamond Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	10.791	/	-3.202
	=	3.37

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

Black Diamond Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (OTCPK:BDIMF) » Definitions » Interest Expense

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Traded in Other Exchanges

8B8:Germany BDI:Canada

Address

440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9

Website

https://www.blackdiamondgroup.com

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.