LawFinance (ASX:LAW) Interest Expense : A$-11.00 Mil (TTM As of Jun. 2023)

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What is LawFinance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LawFinance's interest expense for the six months ended in Jun. 2023 was A$ -4.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-11.00 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. LawFinance's Operating Income for the six months ended in Jun. 2023 was A$ -2.45 Mil. LawFinance's Interest Expense for the six months ended in Jun. 2023 was A$ -4.67 Mil. LawFinance 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.

LawFinance Interest Expense Historical Data

The historical data trend for LawFinance'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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LawFinance Interest Expense Chart

LawFinance Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-5.09

-24.95

-22.23

-15.99

-12.78

LawFinance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-9.80	-5.52	-6.20	-6.33	-4.67

LawFinance 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-11.00 Mil.

LawFinance (ASX:LAW) 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.

LawFinance's Interest Expense for the six months ended in Jun. 2023 was A$-4.67 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$-2.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.36 Mil.

LawFinance's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

LawFinance did not have earnings to cover the interest expense.

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

LawFinance Business Description

Industry

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Address

49-51 Queens Road, Suite 335, Five Dock, NSW, AUS, 2046

Website

https://www.justkapital.com.au

LawFinance Ltd is engaged in the disbursement funding and short-term funding business in Australia and the United States. It operates through three segments, JustKapital Finance; National Health Finance and Litigation Funding. The company offers appeal, estate, portfolio, and settlement finance services; and provides investigation and management services, and finance to claimants to progress their claim. It also offers disbursement funding solutions for law firms; insurance broking for the placement of after the event insurance; and revolving lines of credit and custom-designed financing solutions.