Scales (NZSE:SCL) Interest Expense : NZ$-3.3 Mil (TTM As of Dec. 2023)

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What is Scales Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scales's interest expense for the six months ended in Dec. 2023 was NZ$ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-3.3 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. Scales's Operating Income for the six months ended in Dec. 2023 was NZ$ 9.7 Mil. Scales's Interest Expense for the six months ended in Dec. 2023 was NZ$ -1.8 Mil. Scales's Interest Coverage for the quarter that ended in Dec. 2023 was 5.41. 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.

Scales Interest Expense Historical Data

The historical data trend for Scales'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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Scales Interest Expense Chart

Scales Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.55

-1.92

-1.79

-1.28

-3.33

Scales 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															-0.94	-0.50	-0.78	-1.53	-1.80

Scales 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$-3.3 Mil.

Scales (NZSE:SCL) 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.

Scales's Interest Expense for the six months ended in Dec. 2023 was NZ$-1.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$9.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$110.3 Mil.

Scales'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	*	9.73	/	-1.799
	=	5.41

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

Scales (NZSE:SCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Scales Corp Ltd (NZSE:SCL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

S05:Germany

Address

52 Cashel Street, Christchurch, NZL, 8013

Website

https://www.scalescorporation.co.nz

Scales Corp Ltd is a company engaged in agribusiness activities. It provides logistics services, grows apples, export products, provides insurance services to companies within the group, and operates logistics facilities. The operating segments of the group are Global Proteins, Horticulture, Logistics, and Others. Geographically, the company has its presence in Australia, New Zealand, USA and Others.