Turners Automotive Group (ASX:TRA) Interest Expense : A$-23.2 Mil (TTM As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Turners Automotive Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turners Automotive Group's interest expense for the six months ended in Sep. 2023 was A$ -12.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was A$-23.2 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. Turners Automotive Group's Operating Income for the six months ended in Sep. 2023 was A$ -36.0 Mil. Turners Automotive Group's Interest Expense for the six months ended in Sep. 2023 was A$ -12.4 Mil. Turners Automotive Group did not have earnings to cover the interest expense. 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.

Turners Automotive Group Interest Expense Historical Data

The historical data trend for Turners Automotive 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.

Turners Automotive Group Interest Expense Chart

Turners Automotive Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

Get a 7-Day Free Trial

-14.43

-14.47

-10.43

-10.18

-18.54

Turners Automotive Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-5.04	-5.31	-7.32	-10.86	-12.37

Turners Automotive 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-23.2 Mil.

Turners Automotive Group (ASX:TRA) 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.

Turners Automotive Group's Interest Expense for the six months ended in Sep. 2023 was A$-12.4 Mil. Its Operating Income for the six months ended in Sep. 2023 was A$-36.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was A$0.0 Mil.

Turners Automotive Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Turners Automotive Group did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Turners Automotive Group Ltd interest coverage is 2.49, which is low.

Turners Automotive Group (ASX:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (ASX:TRA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TRA:New Zealand

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

Turners Automotive Group (ASX:TRA) Headlines

No Headlines