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Platinum Asset Management (ASX:PTM) Interest Expense : A$-0.1 Mil (TTM As of Dec. 2023)


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What is Platinum Asset Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Platinum Asset Management's interest expense for the six months ended in Dec. 2023 was A$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.1 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. Platinum Asset Management's Operating Income for the six months ended in Dec. 2023 was A$ 47.5 Mil. Platinum Asset Management's Interest Expense for the six months ended in Dec. 2023 was A$ -0.1 Mil. Platinum Asset Management's Interest Coverage for the quarter that ended in Dec. 2023 was 499.99. 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.


Platinum Asset Management Interest Expense Historical Data

The historical data trend for Platinum Asset Management'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.

* Premium members only.

Platinum Asset Management Interest Expense Chart

Platinum Asset Management Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.24 -0.20 -0.15 -0.10

Platinum Asset Management 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.07 -0.06 -0.04 -0.10

Platinum Asset Management 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$-0.1 Mil.

* 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.


Platinum Asset Management  (ASX:PTM) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Platinum Asset Management's Interest Expense for the six months ended in Dec. 2023 was A$-0.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$47.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$11.6 Mil.

Platinum Asset Management'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*47.499/-0.095000000000001
=499.99

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Platinum Asset Management Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Platinum Asset Management (ASX:PTM) Business Description

Traded in Other Exchanges
Address
Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000
Platinum Asset Management is an Australian-based niche fund manager with a specialty in international equities founded in 1994. It offers region and industry-specific funds in addition to global portfolios. There is flexibility in the investment strategies at Platinum, with funds having the option to engage in short-selling, taking positions in foreign exchange markets, and derivative-based activities to manage risk and aid performance.

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