Motorcycle Holdings (ASX:MTO) Interest Expense : A$-5.9 Mil (TTM As of Dec. 2023)

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What is Motorcycle Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Motorcycle Holdings's interest expense for the six months ended in Dec. 2023 was A$ -5.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.9 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. Motorcycle Holdings's Operating Income for the six months ended in Dec. 2023 was A$ 5.5 Mil. Motorcycle Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -5.5 Mil. Motorcycle Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.99. 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.

Motorcycle Holdings Interest Expense Historical Data

The historical data trend for Motorcycle Holdings'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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Motorcycle Holdings Interest Expense Chart

Motorcycle Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2.89

-2.64

-0.39

-0.19

-4.01

Motorcycle Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-1.25	1.07	-3.69	-0.32	-5.54

Motorcycle Holdings 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$-5.9 Mil.

Motorcycle Holdings (ASX:MTO) 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.

Motorcycle Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-5.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$5.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$86.7 Mil.

Motorcycle Holdings'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	*	5.503	/	-5.544
	=	0.99

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

Motorcycle Holdings (ASX:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcycle Holdings Ltd (ASX:MTO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Moss Street, Slacks Creek, Logan City, QLD, AUS, 4127

Website

https://www.mcholdings.com.au

Motorcycle Holdings Ltd is a motorcycle dealer in Australia. It has two reporting segments. First, Motorcycle Retailing, which consists of the ownership and operation of motorcycle dealerships engaging in the sale of new motorcycles, used motorcycles, parts, servicing, accessories, and mechanical protection plan contracts. It also facilitates insurance and financing for motorcycle purchases through third-party sources. Second, Motorcycle Accessories Wholesaling, which imports and distributes a diversified range of motorcycle parts and accessories to wholesale customers in Australia. The majority of its revenue is derived from the Motorcycle Retailing segment. The company also owns and operates a motorcycle repair business that performs smash repair work for insurers.

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