Harvey Norman Holdings (ASX:HVN) Interest Expense : A$-52 Mil (TTM As of Dec. 2023)

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What is Harvey Norman Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Harvey Norman Holdings's interest expense for the six months ended in Dec. 2023 was A$ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-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. Harvey Norman Holdings's Operating Income for the six months ended in Dec. 2023 was A$ 88 Mil. Harvey Norman Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -26 Mil. Harvey Norman Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 3.41. 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.

Harvey Norman Holdings Interest Expense Historical Data

The historical data trend for Harvey Norman Holdings'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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Harvey Norman Holdings Interest Expense Chart

Harvey Norman Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-28.78

-19.26

-9.27

-10.41

-41.36

Harvey Norman Holdings 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															-4.77	-5.65	-15.32	-26.04	-25.77

Harvey Norman Holdings 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$-52 Mil.

Harvey Norman Holdings (ASX:HVN) 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.

Harvey Norman Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-26 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$88 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,963 Mil.

Harvey Norman Holdings'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	*	87.947	/	-25.774
	=	3.41

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

Harvey Norman Holdings (ASX:HVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harvey Norman Holdings Ltd (ASX:HVN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HNORY:USA HNN:Germany

Address

A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140

Website

https://www.harveynormanholdings.com.au

Harvey Norman Holdings Ltd is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

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