Whitehaven Coal (ASX:WHC) Interest Expense : A$-30 Mil (TTM As of Dec. 2023)

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What is Whitehaven Coal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Whitehaven Coal's interest expense for the six months ended in Dec. 2023 was A$ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-30 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. Whitehaven Coal's Operating Income for the six months ended in Dec. 2023 was A$ 611 Mil. Whitehaven Coal's Interest Expense for the six months ended in Dec. 2023 was A$ -18 Mil. Whitehaven Coal's Interest Coverage for the quarter that ended in Dec. 2023 was 33.32. 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.

Whitehaven Coal Interest Expense Historical Data

The historical data trend for Whitehaven Coal'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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Whitehaven Coal Interest Expense Chart

Whitehaven Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-30.09

-28.22

-50.34

-47.50

-32.59

Whitehaven Coal 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															-28.03	-19.47	-21.24	-11.35	-18.33

Whitehaven Coal 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$-30 Mil.

Whitehaven Coal (ASX:WHC) 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.

Whitehaven Coal's Interest Expense for the six months ended in Dec. 2023 was A$-18 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$611 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$84 Mil.

Whitehaven Coal'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	*	610.886	/	-18.333
	=	33.32

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. Whitehaven Coal Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Whitehaven Coal (ASX:WHC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Whitehaven Coal Ltd (ASX:WHC) » Definitions » Interest Expense

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WHITF:USA WC2:Germany

Address

259 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.whitehavencoal.com.au

Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle for export to Asian customers. It has agreed to buy Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi, effective mid-2024. Along with expanded production at Maules Creek and Narrabri, this should see its share of salable coal production approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely from about 2025 in our view.

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