Radius Residential Care (NZSE:RAD) Interest Expense : NZ$-15.1 Mil (TTM As of Sep. 2023)

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What is Radius Residential Care Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Radius Residential Care's interest expense for the six months ended in Sep. 2023 was NZ$ -8.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$-15.1 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. Radius Residential Care's Operating Income for the six months ended in Sep. 2023 was NZ$ 0.2 Mil. Radius Residential Care's Interest Expense for the six months ended in Sep. 2023 was NZ$ -8.0 Mil. Radius Residential Care's Interest Coverage for the quarter that ended in Sep. 2023 was 0.02. 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.

Radius Residential Care Interest Expense Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Interest Expense Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.88

-9.09

-12.48

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-4.59	-4.50	-5.34	-7.14	-8.01

Radius Residential Care 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 NZ$-15.1 Mil.

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care's Interest Expense for the six months ended in Sep. 2023 was NZ$-8.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was NZ$0.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was NZ$183.2 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.157	/	-8.008
	=	0.02

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Radius Residential Care Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

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