WiseTech Global (ASX:WTC) Interest Expense : A$-14.0 Mil (TTM As of Dec. 2023)

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What is WiseTech Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WiseTech Global's interest expense for the six months ended in Dec. 2023 was A$ -10.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-14.0 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. WiseTech Global's Operating Income for the six months ended in Dec. 2023 was A$ 141.5 Mil. WiseTech Global's Interest Expense for the six months ended in Dec. 2023 was A$ -10.0 Mil. WiseTech Global's Interest Coverage for the quarter that ended in Dec. 2023 was 14.15. 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.

WiseTech Global Interest Expense Historical Data

The historical data trend for WiseTech Global'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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WiseTech Global Interest Expense Chart

WiseTech Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-5.67

-11.10

-3.90

-2.80

-5.90

WiseTech Global Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-1.80	-1.00	-1.90	-4.00	-10.00

WiseTech Global 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$-14.0 Mil.

WiseTech Global (ASX:WTC) 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.

WiseTech Global's Interest Expense for the six months ended in Dec. 2023 was A$-10.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$141.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$216.5 Mil.

WiseTech Global'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	*	141.5	/	-10
	=	14.15

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

WiseTech Global (ASX:WTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WiseTech Global Ltd (ASX:WTC) » Definitions » Interest Expense

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WIGBY:USA WTCHF:USA 17W:Germany

Address

72 O’Riordan Street, Unit 3a, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.wisetechglobal.com

WiseTech is a founder-led technology company that provides logistics software. WiseTech's core product suite, CargoWise, provides the best-in-class software solution for international freight-forwarding and boasts industry-leading annual customer retention rates of over 99%. CargoWise's main competition consists of in-house software solutions and manual processes, providing a large and highly winnable market opportunity for WiseTech's current and future products.

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