NZRFF (Channel Infrastructure NZ) Interest Expense : $-12.64 Mil (TTM As of Jun. 2024)

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What is Channel Infrastructure NZ Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Channel Infrastructure NZ's interest expense for the six months ended in Jun. 2024 was $ -6.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-12.64 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. Channel Infrastructure NZ's Operating Income for the six months ended in Jun. 2024 was $ 16.00 Mil. Channel Infrastructure NZ's Interest Expense for the six months ended in Jun. 2024 was $ -6.04 Mil. Channel Infrastructure NZ's Interest Coverage for the quarter that ended in Jun. 2024 was 2.65. 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.

Channel Infrastructure NZ Interest Expense Historical Data

The historical data trend for Channel Infrastructure 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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Channel Infrastructure NZ Interest Expense Chart

Channel Infrastructure NZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.68

-7.62

-7.53

-6.32

-11.14

Channel Infrastructure NZ 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															-2.35	-3.97	-4.48	-6.60	-6.04

Channel Infrastructure 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-12.64 Mil.

Channel Infrastructure NZ (OTCPK:NZRFF) 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.

Channel Infrastructure NZ's Interest Expense for the six months ended in Jun. 2024 was $-6.04 Mil. Its Operating Income for the six months ended in Jun. 2024 was $16.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $201.84 Mil.

Channel Infrastructure NZ'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	*	16.002	/	-6.036
	=	2.65

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Channel Infrastructure NZ Ltd interest coverage is 2.63, which is low.

Channel Infrastructure NZ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Channel Infrastructure NZ Ltd (OTCPK:NZRFF) » Definitions » Interest Expense

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CHI:New Zealand

Address

Marsden Point, Ruakaka, NTL, NZL, 0171

Website

https://www.channelnz.com

Channel Infrastructure NZ Ltd is an independent fuel infrastructure company. The company utilizes the deep-water harbour and jetty infrastructure at Marsden Point to receive, store and distribute imported refined fuel, which is owned by customers.