NIB Holdings (ASX:NHF) Interest Expense : A$-14 Mil (TTM As of Dec. 2023)

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What is NIB Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NIB Holdings's interest expense for the six months ended in Dec. 2023 was A$ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-14 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. NIB Holdings's Operating Income for the six months ended in Dec. 2023 was A$ 162 Mil. NIB Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -9 Mil. NIB Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 18.85. 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.

NIB Holdings Interest Expense Historical Data

The historical data trend for NIB 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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NIB Holdings Interest Expense Chart

NIB Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-7.70

-9.70

-3.40

-4.40

-11.70

NIB Holdings 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															-3.10	-1.30	-6.30	-5.40	-8.60

NIB 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$-14 Mil.

NIB Holdings (ASX:NHF) 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.

NIB Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-9 Mil. Its EBIT for the six months ended in Dec. 2023 was A$162 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$280 Mil.

NIB Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	162.1	/	-8.6
	=	18.85

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

NIB Holdings (ASX:NHF) Business Description

Industry

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Traded in Other Exchanges

3GU:Germany

Address

22 Honeysuckle Drive, Newcastle, NSW, AUS, 2300

Website

https://www.nib.com.au

NIB Holdings is Australia's fourth-largest health fund. It is a national provider of private health insurance, life insurance, travel insurance, and related healthcare services, with a growing presence in New Zealand. Approximately 55% of the population is covered by private health insurance because of taxation benefits, shorter wait times, a choice of doctor and hospital, and cover of ancillary health services.

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