United Malt Group (ASX:UMG) Interest Expense : A$-27 Mil (TTM As of Mar. 2023)

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What is United Malt Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Malt Group's interest expense for the six months ended in Mar. 2023 was A$ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was A$-27 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. United Malt Group's Operating Income for the six months ended in Mar. 2023 was A$ 13 Mil. United Malt Group's Interest Expense for the six months ended in Mar. 2023 was A$ -19 Mil. United Malt Group's Interest Coverage for the quarter that ended in Mar. 2023 was 0.72. 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.

United Malt Group Interest Expense Historical Data

The historical data trend for United Malt 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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United Malt Group Interest Expense Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Interest Expense

-15.80

-10.50

-14.20

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial			-5.20	-5.30	-5.70	-8.50	-18.60

United Malt 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-27 Mil.

United Malt Group (ASX:UMG) 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.

United Malt Group's Interest Expense for the six months ended in Mar. 2023 was A$-19 Mil. Its Operating Income for the six months ended in Mar. 2023 was A$13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was A$433 Mil.

United Malt Group's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	13.3	/	-18.6
	=	0.72

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

United Malt Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683

Website

https://www.unitedmalt.com

United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

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