Mayfield Childcare (ASX:MFD) Interest Expense : A$-4.50 Mil (TTM As of Dec. 2023)

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What is Mayfield Childcare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mayfield Childcare's interest expense for the six months ended in Dec. 2023 was A$ -2.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.50 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. Mayfield Childcare's Operating Income for the six months ended in Dec. 2023 was A$ 1.49 Mil. Mayfield Childcare's Interest Expense for the six months ended in Dec. 2023 was A$ -2.46 Mil. Mayfield Childcare's Interest Coverage for the quarter that ended in Dec. 2023 was 0.60. 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.

Mayfield Childcare Interest Expense Historical Data

The historical data trend for Mayfield Childcare'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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Mayfield Childcare Interest Expense Chart

Mayfield Childcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.43

-1.29

-1.36

-3.47

-4.50

Mayfield Childcare Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-0.73	-1.66	-1.81	-2.03	-2.46

Mayfield Childcare 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$-4.50 Mil.

Mayfield Childcare (ASX:MFD) 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.

Mayfield Childcare's Interest Expense for the six months ended in Dec. 2023 was A$-2.46 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$1.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$146.05 Mil.

Mayfield Childcare'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	*	1.488	/	-2.464
	=	0.60

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mayfield Childcare Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Mayfield Childcare (ASX:MFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mayfield Childcare Ltd (ASX:MFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

207-213 Waverley Road, Suite 2, Ground Floor, Malvern East, VIC, AUS, 3145

Website

https://www.mayfieldchildcare.com.au

Mayfield Childcare Ltd provides a combination of care and education services for children. The company owns long day childcare centers located in and around metropolitan Melbourne. It continues to operate in one operating segment, as a long day childcare services provider.