Afterpay (Afterpay) Interest Expense : $-26.1 Mil (TTM As of Jun. 2021)

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What is Afterpay Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afterpay's interest expense for the six months ended in Jun. 2021 was $ -18.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was $-26.1 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. Afterpay's Operating Income for the six months ended in Jun. 2021 was $ -56.2 Mil. Afterpay's Interest Expense for the six months ended in Jun. 2021 was $ -18.6 Mil. Afterpay 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.

Afterpay Interest Expense Historical Data

The historical data trend for Afterpay'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.

Afterpay Interest Expense Chart

Afterpay Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Interest Expense

-0.59

-4.96

-8.09

-15.55

-26.23

Afterpay Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Interest Expense	Get a 7-Day Free Trial				-4.54	-5.92	-9.62	-7.48	-18.64

Afterpay 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 Jun. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-26.1 Mil.

Afterpay (OTCPK:AFTPY) 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.

Afterpay's Interest Expense for the six months ended in Jun. 2021 was $-18.6 Mil. Its Operating Income for the six months ended in Jun. 2021 was $-56.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2021 was $1,007.9 Mil.

Afterpay's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Afterpay did not have earnings to cover the interest expense.

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

Afterpay (Afterpay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Afterpay Ltd (OTCPK:AFTPY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

406 Collins Street, Level 5, Melbourne, VIC, AUS, 3000

Website

https://www.afterpay.com

Afterpay started its buy now, pay later, or BNPL, financing product in calendar 2015, listed on the ASX in May 2016 and merged with Touchcorp (who designed and built Afterpay's platform software) in June 2017. Its BNPL platform allows consumers to make acquisitions at merchant partners by paying instalments every two weeks. If consumers pay on time, they transact on Afterpay for free. Afterpay primarily generates revenue from receiving a margin from the merchant. Afterpay pays the merchant the full purchase price immediately on the sale, less this margin. The margin compensates Afterpay for accepting all non-payment risk, including credit risk and fraud by the consumer, and for encouraging consumers to purchase greater dollar values and transact more frequently.