Coventry Group (ASX:CYG) Interest Expense : A$-3.3 Mil (TTM As of Dec. 2023)

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What is Coventry Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coventry Group's interest expense for the six months ended in Dec. 2023 was A$ -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.3 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. Coventry Group's Operating Income for the six months ended in Dec. 2023 was A$ 6.1 Mil. Coventry Group's Interest Expense for the six months ended in Dec. 2023 was A$ -4.0 Mil. Coventry Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.53. 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.

Coventry Group Interest Expense Historical Data

The historical data trend for Coventry 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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Coventry Group Interest Expense Chart

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.62

-1.32

-2.13

-1.12

-2.49

Coventry Group 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															-2.58	1.47	-3.23	0.74	-4.02

Coventry 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.3 Mil.

Coventry Group (ASX:CYG) 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.

Coventry Group's Interest Expense for the six months ended in Dec. 2023 was A$-4.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$6.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$55.6 Mil.

Coventry Group'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	*	6.148	/	-4.022
	=	1.53

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

Coventry Group (ASX:CYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (ASX:CYG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

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