Cardia Bioplastics (ASX:CNN) Interest Expense : A$-0.14 Mil (TTM As of Dec. 2023)

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What is Cardia Bioplastics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cardia Bioplastics's interest expense for the six months ended in Dec. 2023 was A$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.14 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. Cardia Bioplastics's Operating Income for the six months ended in Dec. 2023 was A$ -3.00 Mil. Cardia Bioplastics's Interest Expense for the six months ended in Dec. 2023 was A$ -0.06 Mil. Cardia Bioplastics 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.

Cardia Bioplastics Interest Expense Historical Data

The historical data trend for Cardia Bioplastics'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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Cardia Bioplastics Interest Expense Chart

Cardia Bioplastics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.36

-0.30

-0.14

-0.19

Cardia Bioplastics 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															-0.09	-0.10	-0.10	-0.08	-0.06

Cardia Bioplastics 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 A$-0.14 Mil.

Cardia Bioplastics (ASX:CNN) 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.

Cardia Bioplastics's Interest Expense for the six months ended in Dec. 2023 was A$-0.06 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.82 Mil.

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

Cardia Bioplastics did not have earnings to cover the interest expense.

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

Cardia Bioplastics (ASX:CNN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cardia Bioplastics Ltd (ASX:CNN) » Definitions » Interest Expense

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SES:Australia

Address

247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, VIC 3149

Website

https://www.secosgroup.com.au

SECOS Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. . Business operating segment includes the manufacture and distribution of polyethylene films, renewable resource-based resins, and finished products. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia. It also has manufacturing plants for cast films in Malaysia. It conducts sales via geographical regions that include Australia, Asia, America, Europe, and Africa. Asia generates maximum revenue for the company.

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