X2M Connect (ASX:X2M) Interest Expense : A$-0.56 Mil (TTM As of Dec. 2023)

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What is X2M Connect Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. X2M Connect's interest expense for the six months ended in Dec. 2023 was A$ -0.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.56 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. X2M Connect's Operating Income for the six months ended in Dec. 2023 was A$ -3.00 Mil. X2M Connect's Interest Expense for the six months ended in Dec. 2023 was A$ -0.46 Mil. X2M Connect 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.

X2M Connect Interest Expense Historical Data

The historical data trend for X2M Connect'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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X2M Connect Interest Expense Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Interest Expense

-0.06

-0.20

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.06	-	-0.10	-0.10	-0.46

X2M Connect 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$-0.56 Mil.

X2M Connect (ASX:X2M) 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.

X2M Connect's Interest Expense for the six months ended in Dec. 2023 was A$-0.46 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1.78 Mil.

X2M Connect's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

X2M Connect did not have earnings to cover the interest expense.

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

X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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