State Gas (ASX:GAS) Interest Expense : A$-0.18 Mil (TTM As of Dec. 2023)

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What is State Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. State Gas's interest expense for the six months ended in Dec. 2023 was A$ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.18 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. State Gas's Operating Income for the six months ended in Dec. 2023 was A$ -0.83 Mil. State Gas's Interest Expense for the six months ended in Dec. 2023 was A$ -0.08 Mil. State Gas 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.

State Gas Interest Expense Historical Data

The historical data trend for State Gas'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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State Gas Interest Expense Chart

State Gas Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.02

-0.18

0.07

-0.03

-0.11

State Gas Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-0.09	0.07	-0.01	-0.10	-0.08

State Gas 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$-0.18 Mil.

State Gas (ASX:GAS) 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.

State Gas's Interest Expense for the six months ended in Dec. 2023 was A$-0.08 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

State Gas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

State Gas did not have earnings to cover the interest expense.

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

State Gas (ASX:GAS) Business Description

Industry

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Address

40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000

Website

https://www.stategas.com

State Gas Ltd operates as an exploration and development of gas fields in Australia. It explores and produces liquefied natural gas. The project of the company includes Reid's Dome Conventional Gas, Santos Exploration Joint Venture and the Rolleston-West project.