Tower (ASX:TWR) Interest Expense : A$-0.9 Mil (TTM As of Sep. 2023)

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What is Tower Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tower's interest expense for the six months ended in Sep. 2023 was A$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was A$-0.9 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. Tower's Operating Income for the six months ended in Sep. 2023 was A$ 14.9 Mil. Tower's Interest Expense for the six months ended in Sep. 2023 was A$ -0.4 Mil. Tower's Interest Coverage for the quarter that ended in Sep. 2023 was 35.58. 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.

Tower Interest Expense Historical Data

The historical data trend for Tower'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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Tower Interest Expense Chart

Tower Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.29

-1.04

-0.37

-0.80

-0.85

Tower 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															-0.23	-0.43	-0.39	-0.43	-0.42

Tower 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$-0.9 Mil.

Tower (ASX:TWR) 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.

Tower's Interest Expense for the six months ended in Sep. 2023 was A$-0.4 Mil. Its EBIT for the six months ended in Sep. 2023 was A$14.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was A$25.0 Mil.

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

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	14.944	/	-0.42
	=	35.58

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

Tower (ASX:TWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tower Ltd (ASX:TWR) » Definitions » Interest Expense

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TWR:New Zealand

Address

136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142

Website

https://www.tower.co.nz

Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

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