Oceania Healthcare (ASX:OCA) Interest Expense : A$-14.8 Mil (TTM As of Mar. 2024)

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What is Oceania Healthcare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceania Healthcare's interest expense for the six months ended in Mar. 2024 was A$ -6.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was A$-14.8 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. Oceania Healthcare's Operating Income for the six months ended in Mar. 2024 was A$ -4.2 Mil. Oceania Healthcare's Interest Expense for the six months ended in Mar. 2024 was A$ -6.9 Mil. Oceania Healthcare 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.

Oceania Healthcare Interest Expense Historical Data

The historical data trend for Oceania Healthcare'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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Oceania Healthcare Interest Expense Chart

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Mar24

Interest Expense

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-2.83

-4.91

-8.24

-12.90

-14.82

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial									-4.40	-5.62	-7.01	-7.93	-6.85

Oceania Healthcare 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-14.8 Mil.

Oceania Healthcare (ASX:OCA) 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.

Oceania Healthcare's Interest Expense for the six months ended in Mar. 2024 was A$-6.9 Mil. Its Operating Income for the six months ended in Mar. 2024 was A$-4.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was A$604.5 Mil.

Oceania Healthcare's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Oceania Healthcare did not have earnings to cover the interest expense.

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

Oceania Healthcare (ASX:OCA) Business Description

Industry

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OCA:New Zealand

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.