CTI Logistics (ASX:CLX) Interest Expense : A$-4.8 Mil (TTM As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

What is CTI Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTI Logistics's interest expense for the six months ended in Dec. 2023 was A$ -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.8 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. CTI Logistics's Operating Income for the six months ended in Dec. 2023 was A$ 13.5 Mil. CTI Logistics's Interest Expense for the six months ended in Dec. 2023 was A$ -2.8 Mil. CTI Logistics's Interest Coverage for the quarter that ended in Dec. 2023 was 4.81. 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.

CTI Logistics Interest Expense Historical Data

The historical data trend for CTI Logistics'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.

* Premium members only.

CTI Logistics Interest Expense Chart

CTI Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-2.09

-5.11

-4.04

-3.57

-4.00

CTI Logistics 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															-1.82	-1.75	-2.03	-1.98	-2.81

CTI Logistics 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 A$-4.8 Mil.

CTI Logistics (ASX:CLX) 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.

CTI Logistics's Interest Expense for the six months ended in Dec. 2023 was A$-2.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$13.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$79.3 Mil.

CTI Logistics'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	*	13.527	/	-2.814
	=	4.81

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

CTI Logistics (ASX:CLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTI Logistics Ltd (ASX:CLX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Drummond Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.ctilogistics.com

CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of the courier, taxi truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes rental of owner-occupied and investment property. The Other segment is engaged in the provision of security services.