Harvest Technology Group (ASX:HTG) Interest Expense : A$-0.54 Mil (TTM As of Dec. 2023)

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What is Harvest Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Harvest Technology Group's interest expense for the six months ended in Dec. 2023 was A$ -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.54 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. Harvest Technology Group's Operating Income for the six months ended in Dec. 2023 was A$ -3.15 Mil. Harvest Technology Group's Interest Expense for the six months ended in Dec. 2023 was A$ -0.32 Mil. Harvest Technology Group 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.

Harvest Technology Group Interest Expense Historical Data

The historical data trend for Harvest Technology 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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Harvest Technology Group Interest Expense Chart

Harvest Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.38

-0.55

-0.54

-0.49

Harvest Technology Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-0.30	-0.24	-0.28	-0.21	-0.32

Harvest Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.54 Mil.

Harvest Technology Group (ASX:HTG) 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.

Harvest Technology Group's Interest Expense for the six months ended in Dec. 2023 was A$-0.32 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1.30 Mil.

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

Harvest Technology Group did not have earnings to cover the interest expense.

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

Harvest Technology Group (ASX:HTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology Group Ltd (ASX:HTG) » Definitions » Interest Expense

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Address

16 Ord Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.harvest.technology

Harvest Technology Group Ltd provides hardware and software solutions to the energy, resources, and renewables sectors. The company's software solutions provide secure encrypted transfer of data, including high-definition video and audio, from anywhere via satellite or congested networks at ultra-low bandwidths. It operates in two segments: Subsea and asset integrity risk mitigation and Remote communications technology. The majority of the revenue comes from the Remote communications technology segment that generates income from the provision of data transfer, encryption, and compression services to clients operating in offshore and remote environments.

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