Redox (ASX:RDX) Interest Expense : A$-1 Mil (TTM As of Dec. 2024)

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What is Redox Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Redox's interest expense for the six months ended in Dec. 2024 was A$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$-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. Redox's Operating Income for the six months ended in Dec. 2024 was A$ 49 Mil. Redox's Interest Expense for the six months ended in Dec. 2024 was A$ -1 Mil. Redox's Interest Coverage for the quarter that ended in Dec. 2024 was 57.87. 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.

Redox Interest Expense Historical Data

The historical data trend for Redox'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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Redox Interest Expense Chart

Redox Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

-4.79

-5.28

-5.73

-11.88

-1.05

Redox Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial				-4.95	-6.93	-0.62	-0.44	-0.85

Redox 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$-1 Mil.

Redox (ASX:RDX) 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.

Redox's Interest Expense for the six months ended in Dec. 2024 was A$-1 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$49 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$30 Mil.

Redox'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	*	49.193	/	-0.85
	=	57.87

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

Redox Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Redox Ltd (ASX:RDX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Swettenham Road, Minto, Sydney, NSW, AUS, 2566

Website

https://www.redox.com

Redox is a distributor of chemicals for a diverse range of industries within Australia and New Zealand, North America, and Southeast Asia. It is the largest player in the Australian market, with approximately 5% market share in a very fragmented market. In Southeast Asia and the US it is a smaller player, but with growth ambitions. Redox sources over 5,000 stock keeping units from over 1,000 domestic and global chemical producers. Its customers are from a diverse range of almost 200 industry sub-sectors. About half of annual sales are in the categories of human and animal health and nutrition, and crop production and protection. Other categories include industrial, surface coatings, plastics, rubber and foam, household and personal care, water care, and mining and explosives.

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