Marlborough Wine Estates Group (NZSE:MWE) Interest Expense : NZ$-0.71 Mil (TTM As of Jun. 2024)

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What is Marlborough Wine Estates Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marlborough Wine Estates Group's interest expense for the six months ended in Jun. 2024 was NZ$ -0.40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was NZ$-0.71 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. Marlborough Wine Estates Group's Operating Income for the six months ended in Jun. 2024 was NZ$ -2.74 Mil. Marlborough Wine Estates Group's Interest Expense for the six months ended in Jun. 2024 was NZ$ -0.40 Mil. Marlborough Wine Estates 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.

Marlborough Wine Estates Group Interest Expense Historical Data

The historical data trend for Marlborough Wine Estates 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.

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Marlborough Wine Estates Group Interest Expense Chart

Marlborough Wine Estates Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.25

-0.27

-0.26

-0.44

-0.71

Marlborough Wine Estates Group Semi-Annual Data
	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												-0.14	-0.19	-0.24	-0.31	-0.40

Marlborough Wine Estates 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 NZ$-0.71 Mil.

Marlborough Wine Estates Group (NZSE:MWE) 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.

Marlborough Wine Estates Group's Interest Expense for the six months ended in Jun. 2024 was NZ$-0.40 Mil. Its Operating Income for the six months ended in Jun. 2024 was NZ$-2.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was NZ$8.34 Mil.

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

Marlborough Wine Estates Group did not have earnings to cover the interest expense.

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

Marlborough Wine Estates Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Marlborough Wine Estates Group Ltd (NZSE:MWE) » Definitions » Interest Expense

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Address

5-7 Kingdon Street, Level 6, Newmarket, Central, Auckland, NTL, NZL

Website

https://www.nzmwe.com

Marlborough Wine Estates Group Ltd is a New Zealand-based company engaged in vineyard maintenance, grape production, and winemaking. It operates under the brand names of OTU Estates and Music Bay. The group operates in various geographical areas including New Zealand and Oceania; United States; UK/Europe; Australasia and Others. It derives a majority of its revenue from New Zealand and Oceania.