FleetPartners Group (ASX:FPR) Interest Expense : A$-6.8 Mil (TTM As of Sep. 2023)

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What is FleetPartners Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FleetPartners Group's interest expense for the six months ended in Sep. 2023 was A$ -3.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was A$-6.8 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. FleetPartners Group's Operating Income for the six months ended in Sep. 2023 was A$ 35.6 Mil. FleetPartners Group's Interest Expense for the six months ended in Sep. 2023 was A$ -3.5 Mil. FleetPartners Group's Interest Coverage for the quarter that ended in Sep. 2023 was 10.23. 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.

FleetPartners Group Interest Expense Historical Data

The historical data trend for FleetPartners 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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FleetPartners Group Interest Expense Chart

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-18.52

-19.76

-17.48

-5.88

-6.76

FleetPartners Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial												-11.49	-2.70	-3.18	-3.28	-3.48

FleetPartners 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-6.8 Mil.

FleetPartners Group (ASX:FPR) 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.

FleetPartners Group's Interest Expense for the six months ended in Sep. 2023 was A$-3.5 Mil. Its Operating Income for the six months ended in Sep. 2023 was A$35.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was A$1,055.8 Mil.

FleetPartners Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	35.605	/	-3.479
	=	10.23

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

FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

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