MPower Group (ASX:MPR) Interest Expense : A$-0.91 Mil (TTM As of Dec. 2023)

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What is MPower Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MPower Group's interest expense for the six months ended in Dec. 2023 was A$ -0.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.91 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. MPower Group's Operating Income for the six months ended in Dec. 2023 was A$ -0.43 Mil. MPower Group's Interest Expense for the six months ended in Dec. 2023 was A$ -0.53 Mil. MPower 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.

MPower Group Interest Expense Historical Data

The historical data trend for MPower 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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MPower Group Interest Expense Chart

MPower Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.42

-0.22

-0.48

-0.46

-0.96

MPower Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.27	-0.19	-0.58	-0.38	-0.53

MPower 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$-0.91 Mil.

MPower Group (ASX:MPR) 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.

MPower Group's Interest Expense for the six months ended in Dec. 2023 was A$-0.53 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$17.02 Mil.

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

MPower Group did not have earnings to cover the interest expense.

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

MPower Group (ASX:MPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MPower Group Ltd (ASX:MPR) » Definitions » Interest Expense

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Address

15 Bourke Road, Level 4, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.mpower.com.au

MPower Group Ltd is a technology company. The company is a specialist renewable energy and battery storage developer and owner. It specializes in the delivery of on-grid and off-grid power solutions and products for blue-chip customers. The company's operating segment includes Energy services and energy investments. It generates maximum revenue from the energy services segment. Geographically, it derives its revenue from Australia. The company's projects include Solar Farms, Battery Energy Storage Systems, Hybrid Power Systems, and Backup Power Systems.

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