PlaySide Studios (ASX:PLY) Interest Expense : A$-0.05 Mil (TTM As of Dec. 2023)

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What is PlaySide Studios Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PlaySide Studios's interest expense for the six months ended in Dec. 2023 was A$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.05 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. PlaySide Studios's Operating Income for the six months ended in Dec. 2023 was A$ 9.46 Mil. PlaySide Studios's Interest Expense for the six months ended in Dec. 2023 was A$ -0.05 Mil. PlaySide Studios's Interest Coverage for the quarter that ended in Dec. 2023 was 201.26. 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.

PlaySide Studios Interest Expense Historical Data

The historical data trend for PlaySide Studios'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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PlaySide Studios Interest Expense Chart

PlaySide Studios Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.03

-0.06

-0.01

PlaySide Studios Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.03	-0.03	-0.01	-	-0.05

PlaySide Studios 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$-0.05 Mil.

PlaySide Studios (ASX:PLY) 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.

PlaySide Studios's Interest Expense for the six months ended in Dec. 2023 was A$-0.05 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$9.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1.59 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.459	/	-0.047
	=	201.26

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. PlaySide Studios Ltd has enough cash to cover all of its debt. Its financial situation is stable.

PlaySide Studios (ASX:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PlaySide Studios Ltd (ASX:PLY) » Definitions » Interest Expense

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QJ9:Germany

Address

75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.playsidestudios.com

PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

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