The a2 Milk Co (ASX:A2M) Interest Expense : A$-4 Mil (TTM As of Jun. 2023)

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What is The a2 Milk Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The a2 Milk Co's interest expense for the six months ended in Jun. 2023 was A$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-4 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. The a2 Milk Co's Operating Income for the six months ended in Jun. 2023 was A$ 85 Mil. The a2 Milk Co's Interest Expense for the six months ended in Jun. 2023 was A$ -2 Mil. The a2 Milk Co's Interest Coverage for the quarter that ended in Jun. 2023 was 42.84. 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.

The a2 Milk Co Interest Expense Historical Data

The historical data trend for The a2 Milk 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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The a2 Milk Co Interest Expense Chart

The a2 Milk Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.11

-0.06

-0.07

-1.81

-4.07

The a2 Milk Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															0.31	-0.64	-1.20	-2.15	-1.98

The a2 Milk 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-4 Mil.

The a2 Milk Co (ASX:A2M) 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.

The a2 Milk Co's Interest Expense for the six months ended in Jun. 2023 was A$-2 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$85 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$75 Mil.

The a2 Milk Co's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	84.729	/	-1.978
	=	42.84

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

The a2 Milk Co (ASX:A2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The a2 Milk Co Ltd (ASX:A2M) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ACOPY:USA ACOPF:USA ATM:New Zealand 14L:Germany 14L:Germany

Address

51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010

Website

https://www.thea2milkcompany.com

A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

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