SmartPay Holdings (ASX:SMP) Interest Expense : A$-0.86 Mil (TTM As of Sep. 2023)

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What is SmartPay Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SmartPay Holdings's interest expense for the six months ended in Sep. 2023 was A$ -0.59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was A$-0.86 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. SmartPay Holdings's Operating Income for the six months ended in Sep. 2023 was A$ 3.68 Mil. SmartPay Holdings's Interest Expense for the six months ended in Sep. 2023 was A$ -0.59 Mil. SmartPay Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 6.22. 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.

SmartPay Holdings Interest Expense Historical Data

The historical data trend for SmartPay 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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SmartPay Holdings Interest Expense Chart

SmartPay Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.75

-4.06

-1.44

-0.43

-0.57

SmartPay Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.26	-0.19	-0.29	-0.27	-0.59

SmartPay 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.86 Mil.

SmartPay Holdings (ASX:SMP) 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.

SmartPay Holdings's Interest Expense for the six months ended in Sep. 2023 was A$-0.59 Mil. Its Operating Income for the six months ended in Sep. 2023 was A$3.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was A$8.77 Mil.

SmartPay Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	3.677	/	-0.591
	=	6.22

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

SmartPay Holdings (ASX:SMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (ASX:SMP) » Definitions » Interest Expense

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Traded in Other Exchanges

SPY:New Zealand

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.