McMillan Shakespeare (ASX:MMS) Interest Expense : A$-33.2 Mil (TTM As of Dec. 2024)

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What is McMillan Shakespeare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McMillan Shakespeare's interest expense for the six months ended in Dec. 2024 was A$ -19.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$-33.2 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. McMillan Shakespeare's Operating Income for the six months ended in Dec. 2024 was A$ 70.5 Mil. McMillan Shakespeare's Interest Expense for the six months ended in Dec. 2024 was A$ -19.0 Mil. McMillan Shakespeare's Interest Coverage for the quarter that ended in Dec. 2024 was 3.70. 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.

McMillan Shakespeare Interest Expense Historical Data

The historical data trend for McMillan Shakespeare'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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McMillan Shakespeare Interest Expense Chart

McMillan Shakespeare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-8.79

-8.39

-5.02

-9.75

-25.29

McMillan Shakespeare Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-3.62	-6.13	-11.08	-14.21	-19.03

McMillan Shakespeare 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-33.2 Mil.

McMillan Shakespeare (ASX:MMS) 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.

McMillan Shakespeare's Interest Expense for the six months ended in Dec. 2024 was A$-19.0 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$70.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$664.7 Mil.

McMillan Shakespeare's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	70.459	/	-19.027
	=	3.70

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. McMillan Shakespeare Ltd interest coverage is 1.75, which is low.

McMillan Shakespeare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (ASX:MMS) » Definitions » Interest Expense

Comparable Companies

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NMN:Germany

Address

360 Elizabeth Street, Level 21, The Tower, Melbourne Central, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.