Good Drinks Australia (ASX:GDA) Interest Expense : A$-2.6 Mil (TTM As of Jun. 2024)

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What is Good Drinks Australia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Good Drinks Australia's interest expense for the six months ended in Jun. 2024 was A$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-2.6 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. Good Drinks Australia's Operating Income for the six months ended in Jun. 2024 was A$ 0.1 Mil. Good Drinks Australia's Interest Expense for the six months ended in Jun. 2024 was A$ -1.4 Mil. Good Drinks Australia's Interest Coverage for the quarter that ended in Jun. 2024 was 0.08. 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.

Good Drinks Australia Interest Expense Historical Data

The historical data trend for Good Drinks Australia'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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Good Drinks Australia Interest Expense Chart

Good Drinks Australia Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.53

-0.65

-0.97

-1.88

-2.58

Good Drinks Australia Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.53	-0.75	-1.13	-1.19	-1.39

Good Drinks Australia 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.6 Mil.

Good Drinks Australia (ASX:GDA) 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.

Good Drinks Australia's Interest Expense for the six months ended in Jun. 2024 was A$-1.4 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$19.3 Mil.

Good Drinks Australia's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	0.114	/	-1.386
	=	0.08

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

Good Drinks Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Good Drinks Australia Ltd (ASX:GDA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Absolon Street, Palmyra, Perth, WA, AUS, 6157

Website

https://www.gooddrinks.com.au

Good Drinks Australia Ltd is an Australia-based company operating in two segments; Core Business; the manufacturing, marketing, and selling of own branded beer, cider, and other beverages, and Hospitality; the operating of hospitality venues. The company offers its products under Gage Roads, Matso's, Alby, Atomic beer project, Hello sunshine, and San Miguel brand names.

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