Ramsay Health Care (Ramsay Health Care) Interest Expense : $-228 Mil (TTM As of Dec. 2023)

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What is Ramsay Health Care Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ramsay Health Care's interest expense for the six months ended in Dec. 2023 was $ -210 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-228 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. Ramsay Health Care's Operating Income for the six months ended in Dec. 2023 was $ 295 Mil. Ramsay Health Care's Interest Expense for the six months ended in Dec. 2023 was $ -210 Mil. Ramsay Health Care's Interest Coverage for the quarter that ended in Dec. 2023 was 1.40. 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.

Ramsay Health Care Interest Expense Historical Data

The historical data trend for Ramsay Health Care'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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Ramsay Health Care Interest Expense Chart

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-116.88

-127.95

-125.31

-103.16

-175.30

Ramsay Health Care 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															-133.33	27.83	-158.17	-17.99	-209.91

Ramsay Health Care 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 $-228 Mil.

Ramsay Health Care (OTCPK:RMSYF) 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.

Ramsay Health Care's Interest Expense for the six months ended in Dec. 2023 was $-210 Mil. Its Operating Income for the six months ended in Dec. 2023 was $295 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $7,075 Mil.

Ramsay Health Care'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	*	294.645	/	-209.906
	=	1.40

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. Ramsay Health Care Ltd interest coverage is 2.15, which is low.

Ramsay Health Care (Ramsay Health Care) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (OTCPK:RMSYF) » Definitions » Interest Expense

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RMYHY:USA RMY:Germany RHCPA.PFD:Australia RHC:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.