Wesfarmers (Wesfarmers) Interest Expense : $-103 Mil (TTM As of Dec. 2023)

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What is Wesfarmers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wesfarmers's interest expense for the six months ended in Dec. 2023 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-103 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. Wesfarmers's Operating Income for the six months ended in Dec. 2023 was $ 1,385 Mil. Wesfarmers's Interest Expense for the six months ended in Dec. 2023 was $ -54 Mil. Wesfarmers's Interest Coverage for the quarter that ended in Dec. 2023 was 25.54. 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.

Wesfarmers Interest Expense Historical Data

The historical data trend for Wesfarmers'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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Wesfarmers Interest Expense Chart

Wesfarmers Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-121.53

-91.79

-90.21

-67.46

-90.60

Wesfarmers 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															-34.34	-33.73	-41.84	-48.99	-54.22

Wesfarmers 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 $-103 Mil.

Wesfarmers (OTCPK:WFAFF) 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.

Wesfarmers's Interest Expense for the six months ended in Dec. 2023 was $-54 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,385 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $6,663 Mil.

Wesfarmers'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	*	1384.873	/	-54.217
	=	25.54

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

Wesfarmers (Wesfarmers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wesfarmers Ltd (OTCPK:WFAFF) » Definitions » Interest Expense

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WFAFY:USA WF3:Germany WES:Australia

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.wesfarmers.com.au

Wesfarmers is Australia's largest conglomerate. Its retail operations include the Bunnings hardware chain (number one in market share), discount department stores Kmart and Target (number one and three) and Officeworks in office supplies (number one). These activities account for the vast majority of group earnings before taxes. Other operations include chemicals, fertilisers, industrial and medical gases, LPG production and distribution, and industrial and safety supplies. Management is focused on generating cash and creating shareholder wealth in the long term.

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