Plenti Group (ASX:PLT) Interest Expense : A$-3.3 Mil (TTM As of Mar. 2024)

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What is Plenti Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plenti Group's interest expense for the six months ended in Mar. 2024 was A$ 45.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was A$-3.3 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. Plenti Group's Operating Income for the six months ended in Mar. 2024 was A$ -79.3 Mil. Plenti Group's Interest Expense for the six months ended in Mar. 2024 was A$ 45.6 Mil. Plenti Group 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.

Plenti Group Interest Expense Historical Data

The historical data trend for Plenti Group'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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Plenti Group Interest Expense Chart

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.04

-0.05

-2.20

-3.25

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-0.03	-2.23	-48.82	45.57

Plenti Group 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.3 Mil.

Plenti Group (ASX:PLT) 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.

Plenti Group's Interest Expense for the six months ended in Mar. 2024 was A$45.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was A$-79.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was A$2,187.6 Mil.

Plenti Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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