Mercury NZ (Mercury NZ) Interest Expense : $-75 Mil (TTM As of Dec. 2023)

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What is Mercury NZ Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mercury NZ's interest expense for the six months ended in Dec. 2023 was $ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-75 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. Mercury NZ's Operating Income for the six months ended in Dec. 2023 was $ 133 Mil. Mercury NZ's Interest Expense for the six months ended in Dec. 2023 was $ -41 Mil. Mercury NZ's Interest Coverage for the quarter that ended in Dec. 2023 was 3.23. 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.

Mercury NZ Interest Expense Historical Data

The historical data trend for Mercury NZ'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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Mercury NZ Interest Expense Chart

Mercury NZ Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-48.85

-33.53

-37.67

-38.76

-63.19

Mercury NZ Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-21.03	-19.06	-29.86	-34.36	-41.07

Mercury NZ 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 $-75 Mil.

Mercury NZ (OTCPK:MGHTF) 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.

Mercury NZ's Interest Expense for the six months ended in Dec. 2023 was $-41 Mil. Its Operating Income for the six months ended in Dec. 2023 was $133 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $975 Mil.

Mercury NZ'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	*	132.545	/	-41.07
	=	3.23

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

Mercury NZ (Mercury NZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (OTCPK:MGHTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MCY:New Zealand MRY:Germany MCY:Australia

Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.

Mercury NZ (Mercury NZ) Headlines

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