Pointsbet Holdings (ASX:PBH) Interest Expense : A$-0.1 Mil (TTM As of Dec. 2023)

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What is Pointsbet Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pointsbet Holdings's interest expense for the six months ended in Dec. 2023 was A$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.1 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. Pointsbet Holdings's Operating Income for the six months ended in Dec. 2023 was A$ -27.3 Mil. Pointsbet Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -0.1 Mil. Pointsbet Holdings 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.

Pointsbet Holdings Interest Expense Historical Data

The historical data trend for Pointsbet Holdings'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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Pointsbet Holdings Interest Expense Chart

Pointsbet Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-3.01

-0.48

-3.39

-5.70

-0.15

Pointsbet Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-4.95	-0.75	-1.64	-	-0.15

Pointsbet Holdings 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$-0.1 Mil.

Pointsbet Holdings (ASX:PBH) 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.

Pointsbet Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-0.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-27.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$2.1 Mil.

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

Pointsbet Holdings did not have earnings to cover the interest expense.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Pointsbet Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Pointsbet Holdings (ASX:PBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pointsbet Holdings Ltd (ASX:PBH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PBTHF:USA

Address

165 Cremorne Street, Level 2, Cremorne, VIC, AUS, 3121

Website

https://www.pointsbet.com.au

Pointsbet Holdings Ltd is a licensed corporate bookmaker with operations in Australia and the United States. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting and iGaming. The company had been appointed as an Official Sports Betting Partner of the NHL. Its reportable segments consist of Australian Trading, Technology and Canada Trading. The company derives revenue from the Australia segment which includes revenue from sports and race betting services provided to Australian customers.