Australian Agricultural Co (Australian Agricultural Co) Interest Expense : $-14.1 Mil (TTM As of Sep. 2023)

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What is Australian Agricultural Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Australian Agricultural Co's interest expense for the six months ended in Sep. 2023 was $ -7.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-14.1 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. Australian Agricultural Co's Operating Income for the six months ended in Sep. 2023 was $ -90.0 Mil. Australian Agricultural Co's Interest Expense for the six months ended in Sep. 2023 was $ -7.6 Mil. Australian Agricultural Co 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.

Australian Agricultural Co Interest Expense Historical Data

The historical data trend for Australian Agricultural Co'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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Australian Agricultural Co Interest Expense Chart

Australian Agricultural Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-11.17

-9.29

-11.01

-10.36

-11.41

Australian Agricultural Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-5.41	-4.90	-4.94	-6.46	-7.63

Australian Agricultural Co 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 $-14.1 Mil.

Australian Agricultural Co (OTCPK:ASAGF) 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.

Australian Agricultural Co's Interest Expense for the six months ended in Sep. 2023 was $-7.6 Mil. Its Operating Income for the six months ended in Sep. 2023 was $-90.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $285.6 Mil.

Australian Agricultural Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Australian Agricultural Co did not have earnings to cover the interest expense.

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

Australian Agricultural Co (Australian Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Co Ltd (OTCPK:ASAGF) » Definitions » Interest Expense

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AAYYY:USA AY5:Germany AAC:Australia

Address

76 Skyring Terrace, Level 1, Tower A, Gasworks Plaza, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.aaco.com.au

Australian Agricultural Co Ltd raises cattle in Australia to process and export all over the world. It specializes in grass-fed beef, grain-fed beef, and a Japanese-style beef. The company invests in research and technologies to ensure high quality and enhance productivity. The technologies may focus on performance evaluations, feed efficiency, or disease testing. More opportunities for gathering data exist because the cattle are owned throughout the entire supply chain. The company's processing facility works to get the beef out on a timely basis and will turn to third parties in times of a shortage. The company distributes the beef by tailoring its route-to-market model to capitalize on regional opportunities.