Sovereign Cloud Holdings (ASX:SOV) Interest Expense : A$-0.22 Mil (TTM As of Dec. 2023)

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What is Sovereign Cloud Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sovereign Cloud Holdings's interest expense for the six months ended in Dec. 2023 was A$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.22 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. Sovereign Cloud Holdings's Operating Income for the six months ended in Dec. 2023 was A$ -10.05 Mil. Sovereign Cloud Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -0.10 Mil. Sovereign Cloud Holdings 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.

Sovereign Cloud Holdings Interest Expense Historical Data

The historical data trend for Sovereign Cloud 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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Sovereign Cloud Holdings Interest Expense Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.38

-0.28

-0.23

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.17	-0.12	-0.11	-0.12	-0.10

Sovereign Cloud 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$-0.22 Mil.

Sovereign Cloud Holdings (ASX:SOV) 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.

Sovereign Cloud Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-0.10 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-10.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$2.95 Mil.

Sovereign Cloud Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Sovereign Cloud Holdings did not have earnings to cover the interest expense.

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

Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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