NZX (NZSE:NZX) Interest Expense : NZ$-5.2 Mil (TTM As of Dec. 2023)

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What is NZX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NZX's interest expense for the six months ended in Dec. 2023 was NZ$ -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-5.2 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. NZX's Operating Income for the six months ended in Dec. 2023 was NZ$ 11.4 Mil. NZX's Interest Expense for the six months ended in Dec. 2023 was NZ$ -2.9 Mil. NZX's Interest Coverage for the quarter that ended in Dec. 2023 was 3.92. 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.

NZX Interest Expense Historical Data

The historical data trend for NZX'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.

* Premium members only.

NZX Interest Expense Chart

NZX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.65

-2.48

-2.53

-1.84

-5.18

NZX 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															-1.30	-1.24	-0.60	-2.28	-2.90

NZX 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 NZ$-5.2 Mil.

NZX (NZSE:NZX) 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.

NZX's Interest Expense for the six months ended in Dec. 2023 was NZ$-2.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$11.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$81.0 Mil.

NZX'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	*	11.364	/	-2.901
	=	3.92

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

NZX (NZSE:NZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NZX Ltd (NZSE:NZX) » Definitions » Interest Expense

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NZSTF:USA

Address

11 Cable Street, Level 1 / NZX Centre, P.O. Box 2959, Wellington, NZL, 6011

Website

https://www.nzx.com

NZX Ltd facilitates capital raising and securities trading. Its main function is to provide a market for the trading, clearing, and settlement of securities. It also provides market data relating to listed companies and indexes. It operates the New Zealand securities, derivatives, and energy markets, builds and maintains the infrastructure on which it operates, and provides a range of information and data to support market growth and development on a scale. NZX also provides wealth management services for New Zealand advisers via its Wealth Technologies business. Its segments include Markets, Funds Management, and Wealth Technologies.

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