Boral (BOALF) Interest Expense : $-33 Mil (TTM As of Dec. 2023)

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What is Boral Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boral's interest expense for the six months ended in Dec. 2023 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-33 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. Boral's Operating Income for the six months ended in Dec. 2023 was $ 51 Mil. Boral's Interest Expense for the six months ended in Dec. 2023 was $ -18 Mil. Boral's Interest Coverage for the quarter that ended in Dec. 2023 was 2.86. 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.

Boral Interest Expense Historical Data

The historical data trend for Boral'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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Boral Interest Expense Chart

Boral Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-72.92

-78.19

-91.74

-56.43

-33.62

Boral Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-25.54	-31.34	-19.03	-14.70	-18.01

Boral 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-33 Mil.

Boral (OTCPK:BOALF) 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.

Boral's Interest Expense for the six months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the six months ended in Dec. 2023 was $51 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $635 Mil.

Boral's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	51.473	/	-18.005
	=	2.86

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

Boral (BOALF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Boral Ltd (OTCPK:BOALF) » Definitions » Interest Expense

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Traded in Other Exchanges

BOALY:USA HQK:Germany BLD:Australia

Address

39 Delhi Road, Level 3, Triniti 2, P.O. Box 6041, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.boral.com

Boral is a vertically integrated construction materials company with operations across aggregates, cement, concrete, and asphalt. Several divestments mean Boral is now an Australia-focused construction materials and property development company. Approximately two thirds of revenue is exposed to infrastructure and nonresidential construction projects such as roads, highways, subdivisions, bridges, and commercial buildings. The balance rests on residential construction activity across detached housing, apartments, and renovations. Boral is just over 70%-owned by Australian industrial services and energy conglomerate Seven Group Holdings Limited.