Harmoney (ASX:HMY) Interest Expense : A$-47.8 Mil (TTM As of Dec. 2023)

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What is Harmoney Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Harmoney's interest expense for the six months ended in Dec. 2023 was A$ -25.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-47.8 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. Harmoney's Operating Income for the six months ended in Dec. 2023 was A$ -19.8 Mil. Harmoney's Interest Expense for the six months ended in Dec. 2023 was A$ -25.9 Mil. Harmoney 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.

Harmoney Interest Expense Historical Data

The historical data trend for Harmoney'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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Harmoney Interest Expense Chart

Harmoney Annual Data

Trend

Jun21

Jun22

Jun23

Interest Expense

-8.91

-17.54

-39.46

Harmoney Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-6.42	-11.42	-18.11	-21.88	-25.91

Harmoney 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$-47.8 Mil.

Harmoney (ASX:HMY) 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.

Harmoney's Interest Expense for the six months ended in Dec. 2023 was A$-25.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-19.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.0 Mil.

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

Harmoney did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Harmoney Corp Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Harmoney (ASX:HMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Harmoney Corp Ltd (ASX:HMY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Customs Street West, Level 3, Auckland, NTL, NZL, 1010

Website

https://www.harmoney.co.nz

Harmoney Corp Ltd operates in the consumer credit industry. The company provides online direct personal lending services in Australia and New Zealand. It offers personal loans, car loans, wedding loans, holiday loans, education loans, business loans, and home improvement loans.