Hygrovest Limited (ASX:HGV) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Hygrovest Limited Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hygrovest Limited's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 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. Hygrovest Limited's Operating Income for the six months ended in Dec. 2023 was A$ -0.49 Mil. Hygrovest Limited's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Hygrovest Limited has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Hygrovest Limited Interest Expense Historical Data

The historical data trend for Hygrovest Limited'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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Hygrovest Limited Interest Expense Chart

Hygrovest Limited Annual Data

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Interest Expense

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Hygrovest Limited Semi-Annual Data
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Hygrovest Limited 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$0.00 Mil.

Hygrovest Limited (ASX:HGV) 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.

Hygrovest Limited's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Hygrovest Limited had no long-term debt ⁽¹⁾.

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

Good Sign:

Hygrovest Limited has no debt.

Hygrovest Limited (ASX:HGV) Business Description

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MMJJF:USA

Address

19-29 Martin Place, MLC Centre, Suite 5706, Level 57, Sydney, NSW, AUS, 2000

Website

https://www.hygrovest.com.au

Hygrovest Limited is a specialist investment company. It has built a diversified portfolio by investing in Australian and offshore cannabis-related businesses including healthcare products, technology, and infrastructure. The company's portfolio includes Southern Cannabis Holdings, Medio Labs Inc , Weed Me, Fire and Flower, Bien, BevCanna, and others.