Altech Batteries (ASX:ATC) Interest Expense : A$-0.01 Mil (TTM As of Dec. 2024)

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What is Altech Batteries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altech Batteries's interest expense for the six months ended in Dec. 2024 was A$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$-0.01 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. Altech Batteries's Operating Income for the six months ended in Dec. 2024 was A$ -8.62 Mil. Altech Batteries's Interest Expense for the six months ended in Dec. 2024 was A$ -0.01 Mil. Altech Batteries 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.

Altech Batteries Interest Expense Historical Data

The historical data trend for Altech Batteries'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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Altech Batteries Interest Expense Chart

Altech Batteries Annual Data

Trend

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Interest Expense

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-0.06

Altech Batteries Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-	-0.06	-0.10	-	-0.01

Altech Batteries 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.01 Mil.

Altech Batteries (ASX:ATC) 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.

Altech Batteries's Interest Expense for the six months ended in Dec. 2024 was A$-0.01 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$-8.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$11.06 Mil.

Altech Batteries's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Altech Batteries did not have earnings to cover the interest expense.

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

Altech Batteries Business Description

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ALTHF:USA A3Y:Germany

Address

295 Rokeby Road, Suite 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.altechgroup.com

Altech Batteries Ltd is a specialty battery technology company. It is engaged in commercializing the CERENERGY Sodium Chloride Solid State (SCSS) Battery project planned for the grid storage battery market, as well as its patented Silumina Anodes battery materials coating technology, which aims to increase the capacity of lithium-ion batteries by including high-purity alumina coated silicon and graphite in the anode of the battery. The company operates four reportable segments, being the development of Silumina Anodes, CERENERGY, High Purity Alumina (HPA), and Corporate which derives maximum revenue. Geographically, a majority of its revenue is derived from Australia, and the company also has a presence in Germany and Malaysia.