The Star Entertainment Group (ASX:SGR) Interest Expense : A$-114 Mil (TTM As of Dec. 2023)

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What is The Star Entertainment Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Star Entertainment Group's interest expense for the six months ended in Dec. 2023 was A$ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-114 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. The Star Entertainment Group's Operating Income for the six months ended in Dec. 2023 was A$ 25 Mil. The Star Entertainment Group's Interest Expense for the six months ended in Dec. 2023 was A$ -42 Mil. The Star Entertainment Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.60. 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.

The Star Entertainment Group Interest Expense Historical Data

The historical data trend for The Star Entertainment 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.

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The Star Entertainment Group Interest Expense Chart

The Star Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-35.70

-48.60

-54.80

-48.80

-106.90

The Star Entertainment Group 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															-25.00	-23.80	-35.10	-71.80	-42.00

The Star Entertainment 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-114 Mil.

The Star Entertainment Group (ASX:SGR) 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.

The Star Entertainment Group's Interest Expense for the six months ended in Dec. 2023 was A$-42 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$25 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$294 Mil.

The Star Entertainment Group'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	*	25.1	/	-42
	=	0.60

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

The Star Entertainment Group (ASX:SGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Star Entertainment Group Ltd (ASX:SGR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

EHGRF:USA EE9:Germany

Address

159 William Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.starentertainmentgroup.com.au

The Star Entertainment Group operates three hotel and casino complexes in Australia: The Star in Sydney (licence expiring in 2093, with electronic gaming machine exclusivity expiring in 2041), The Star Gold Coast (a perpetual licence), and Treasury Casino and Hotel in Brisbane (licence expiring in 2070). The Queen's Wharf development in Brisbane will have a 99-year licence on completion in 2024 (with a 25-year exclusivity period), replacing the Treasury Casino and Hotel, which will be repurposed into a hotel and retail site.

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