Acusensus (ASX:ACE) Interest Expense : A$ Mil (TTM As of Jun. 2023)

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What is Acusensus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acusensus's interest expense for the six months ended in Jun. 2023 was A$ -0.00 Mil. Acusensus does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. Acusensus's Operating Income for the six months ended in Jun. 2023 was A$ 0.33 Mil. Acusensus's Interest Expense for the six months ended in Jun. 2023 was A$ -0.00 Mil. Acusensus's Interest Coverage for the quarter that ended in Jun. 2023 was 163.00. 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.

Acusensus Interest Expense Historical Data

The historical data trend for Acusensus'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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Acusensus Interest Expense Chart

Acusensus Annual Data

Trend

Jun22

Jun23

Interest Expense

Acusensus Semi-Annual Data
	Jun22	Jun23
Interest Expense	-	-

Acusensus Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Acusensus (ASX:ACE) 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.

Acusensus's Interest Expense for the six months ended in Jun. 2023 was A$-0.00 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.70 Mil.

Acusensus's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.326	/	-0.002
	=	163.00

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Acusensus Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Acusensus (ASX:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Acusensus Ltd (ASX:ACE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

31 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acusensus.com

Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia.

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