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Resource Development Group (ASX:RDG) Interest Expense : A$-0.5 Mil (TTM As of Dec. 2024)


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What is Resource Development Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resource Development Group's interest expense for the six months ended in Dec. 2024 was A$ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$-0.5 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. Resource Development Group's Operating Income for the six months ended in Dec. 2024 was A$ 8.6 Mil. Resource Development Group's Interest Expense for the six months ended in Dec. 2024 was A$ -0.3 Mil. Resource Development Group's Interest Coverage for the quarter that ended in Dec. 2024 was 33.48. 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.

Resource Development Group Interest Expense Historical Data

The historical data trend for Resource Development Group'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.

Resource Development Group Interest Expense Chart

Resource Development Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.35 -0.13 -0.14 -0.28 -0.47

Resource Development Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.15 -0.23 -0.25 -0.26

Resource Development Group 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$-0.5 Mil.

* 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.

Resource Development Group  (ASX:RDG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Resource Development Group's Interest Expense for the six months ended in Dec. 2024 was A$-0.3 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$8.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$81.4 Mil.

Resource Development Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*8.637/-0.258
=33.48

* 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.

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

Resource Development Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resource Development Group Ltd (ASX:RDG) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017
Website
https://www.resdevgroup.com.au
Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue, Mining Segment and Others The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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