VDM Group (ASX:VMG) Interest Expense: A$-0.56 Mil (TTM As of Jun. 2024)


What is VDM Group Interest Expense?

VDM Group ASX:VMG Interest Expense is A$-0.56 Mil as of Jun. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VDM Group's interest expense for the six months ended in Jun. 2024 was A$ -0.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-0.56 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. VDM Group's Operating Income for the six months ended in Jun. 2024 was A$ -0.06 Mil. VDM Group's Interest Expense for the six months ended in Jun. 2024 was A$ -0.33 Mil. VDM Group 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.

VDM Group  (ASX:VMG) 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.

VDM Group's Interest Expense for the six months ended in Jun. 2024 was A$-0.33 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$0.00 Mil.

VDM Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

VDM Group did not have earnings to cover the interest expense.

* 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.

VDM Group Interest Expense Historical Data

* Premium members only.

The historical data trend for VDM Group'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.

VDM Group Interest Expense Chart

VDM Group 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 -0.55 -0.48 -0.61 -0.60 -0.56

VDM Group 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 -0.32 -0.29 -0.31 -0.23 -0.33

VDM Group 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$-0.56 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of A$-0.56 Mil mean?
VDM Group (ASX:VMG) has a Interest Expense of A$-0.56 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on VDM Group and its competitors.
Is VDM Group's Interest Expense too high?
VDM Group's current Interest Expense is A$-0.56 Mil.
How does VDM Group's Interest Expense compare to PWR and J?
VDM Group's Interest Expense of A$-0.56 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Construction company?
A good Interest Expense depends on the Construction industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on VDM Group and its competitors. VDM Group's current Interest Expense is A$-0.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VDM Group stock overvalued right now?
VDM Group (ASX:VMG) has a current Interest Expense of A$-0.56 Mil. The current Interest Expense is A$-0.56 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For VDM Group (ASX:VMG), the current Interest Expense is A$-0.56 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VDM Group Business Description

Address 420 Bagot Road, Unit 2, Subiaco, Subiaco, WA, AUS, 6008
VDM Group Ltd is an engineering and construction company. The company is an operationally diverse company arranged under two operating divisions: i) construction and ii) mining and exploration. Its activities involve exploration of the Cachoeiras do Binga copper project located in the Republic of Angola (Cachoeiras do Binga); exploration of the Cage Bengo Project located in the Republic of Angola (Cage Bengo); and review of new project opportunities.