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Spark New Zealand (ASX:SPK) Interest Expense : A$-82 Mil (TTM As of Jun. 2024)


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What is Spark New Zealand Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spark New Zealand's interest expense for the six months ended in Jun. 2024 was A$ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-82 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. Spark New Zealand's Operating Income for the six months ended in Jun. 2024 was A$ 259 Mil. Spark New Zealand's Interest Expense for the six months ended in Jun. 2024 was A$ -23 Mil. Spark New Zealand's Interest Coverage for the quarter that ended in Jun. 2024 was 11.20. 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.

Spark New Zealand Interest Expense Historical Data

The historical data trend for Spark New Zealand'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.

* Premium members only.

Spark New Zealand Interest Expense Chart

Spark New Zealand Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -53.25 -43.69 -43.40 -48.45 -81.36

Spark New Zealand Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.95 -40.49 -9.14 -58.57 -23.11

Spark New Zealand 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-82 Mil.

* 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.

Spark New Zealand  (ASX:SPK) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spark New Zealand's Interest Expense for the six months ended in Jun. 2024 was A$-23 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$259 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$1,711 Mil.

Spark New Zealand's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*258.858/-23.112
=11.20

* 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.

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

Spark New Zealand Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (ASX:SPK) » Definitions » Interest Expense
Comparable Companies
NZSE:CNU NZSE:VTL TMUS SHSE:600941 VZ CMCSA T XTER:DTE NSE:BHARTIARTL TSE:9432 TSE:9984 HKSE:00728 TSE:9433 TSE:9434 CHTR SAU:7010 MEX:AMX B ADX:EAND SGX:Z74 XSWX:SCMN
Traded in Other Exchanges
SPKKY:USA NZTCF:USA SPK:New Zealand NZT:Germany
Address
167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010
Website
https://www.sparknz.co.nz
Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are entirely based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.