Renergen (ASX:RLT) Interest Expense : A$-3.22 Mil (TTM As of Aug. 2024)

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What is Renergen Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renergen's interest expense for the six months ended in Aug. 2024 was A$ -2.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was A$-3.22 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. Renergen's Operating Income for the six months ended in Aug. 2024 was A$ -6.78 Mil. Renergen's Interest Expense for the six months ended in Aug. 2024 was A$ -2.10 Mil. Renergen 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.

Renergen Interest Expense Historical Data

The historical data trend for Renergen'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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Renergen Interest Expense Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-0.53

-0.41

-0.39

-0.37

-1.83

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Interest Expense	Get a 7-Day Free Trial												-0.23	-0.16	-0.73	-1.12	-2.10

Renergen 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.22 Mil.

Renergen (ASX:RLT) 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.

Renergen's Interest Expense for the six months ended in Aug. 2024 was A$-2.10 Mil. Its Operating Income for the six months ended in Aug. 2024 was A$-6.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2024 was A$56.38 Mil.

Renergen's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Renergen did not have earnings to cover the interest expense.

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

Renergen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Interest Expense

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REN:South Africa RGNNF:USA 9960:Germany

Address

25 Minerva Avenue, Sandton Gate, Glenadrienne, Sandton, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. Its reportable segments are the Corporate Head office where all investment decisions are made; Tetra4 which explores, produces, and sells LNG in South Africa; Cryovation which has developed Cryo-VaccTM technology, and enables the safe transportation of vaccines and biologics at extremely low temperatures without the need for electrical power; and the Renergen U.S segment which assists with various fundraising and business development activities of the Group in the U.S market. The majority of the company's revenue is generated from the Tetra4 segment.

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