Corporate Travel Management (ASX:CTD) Interest Expense : A$-0.9 Mil (TTM As of Dec. 2023)

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What is Corporate Travel Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corporate Travel Management's interest expense for the six months ended in Dec. 2023 was A$ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.9 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. Corporate Travel Management's Operating Income for the six months ended in Dec. 2023 was A$ 57.1 Mil. Corporate Travel Management's Interest Expense for the six months ended in Dec. 2023 was A$ -1.2 Mil. Corporate Travel Management's Interest Coverage for the quarter that ended in Dec. 2023 was 48.04. 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.

Corporate Travel Management Interest Expense Historical Data

The historical data trend for Corporate Travel Management'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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Corporate Travel Management Interest Expense Chart

Corporate Travel Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2.77

-9.62

-1.73

-0.90

-1.01

Corporate Travel Management 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															-1.18	0.27	-1.28	0.27	-1.19

Corporate Travel Management 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$-0.9 Mil.

Corporate Travel Management (ASX:CTD) 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.

Corporate Travel Management's Interest Expense for the six months ended in Dec. 2023 was A$-1.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$57.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$30.9 Mil.

Corporate Travel Management'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	*	57.067	/	-1.188
	=	48.04

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Corporate Travel Management Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Corporate Travel Management (ASX:CTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Corporate Travel Management Ltd (ASX:CTD) » Definitions » Interest Expense

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Traded in Other Exchanges

1C6:Germany

Address

307 Queen Street, Level 24, Brisbane, QLD, AUS, 4000

Website

https://www.travelctm.com

Corporate Travel Management provides travel services for business and government clients across the Americas, Australia and New Zealand, Europe, and Asia. The company has built scale and breadth through both organic growth and acquisitions. As of 2022, Corporate Travel is the world's fourth-largest corporate travel management company based with pro forma, pre-COVID-19 total transaction volumes of AUD 11 billion, but it remains a relative minnow in the highly fragmented USD 1.5 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.

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