Nine Entertainment Co. Holdings (ASX:NEC) Interest Expense : A$-45 Mil (TTM As of Dec. 2023)

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What is Nine Entertainment Co. Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nine Entertainment Co. Holdings's interest expense for the six months ended in Dec. 2023 was A$ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-45 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. Nine Entertainment Co. Holdings's Operating Income for the six months ended in Dec. 2023 was A$ 114 Mil. Nine Entertainment Co. Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -25 Mil. Nine Entertainment Co. Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 4.56. 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.

Nine Entertainment Co. Holdings Interest Expense Historical Data

The historical data trend for Nine Entertainment Co. 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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Nine Entertainment Co. Holdings Interest Expense Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-17.13

-16.23

-13.68

-11.85

-34.55

Nine Entertainment Co. 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															-6.14	-5.71	-14.02	-20.53	-24.89

Nine Entertainment Co. 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$-45 Mil.

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-25 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$114 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0 Mil.

Nine Entertainment Co. 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	*	113.566	/	-24.89
	=	4.56

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

Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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