Summerset Group Holdings (NZSE:SUM) Interest Expense : NZ$-27.0 Mil (TTM As of Dec. 2023)

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What is Summerset Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Summerset Group Holdings's interest expense for the six months ended in Dec. 2023 was NZ$ -14.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-27.0 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. Summerset Group Holdings's Operating Income for the six months ended in Dec. 2023 was NZ$ -1.6 Mil. Summerset Group Holdings's Interest Expense for the six months ended in Dec. 2023 was NZ$ -14.4 Mil. Summerset Group Holdings 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.

Summerset Group Holdings Interest Expense Historical Data

The historical data trend for Summerset Group Holdings'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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Summerset Group Holdings Interest Expense Chart

Summerset Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.96

-13.03

-11.54

-16.40

-26.98

Summerset Group Holdings 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															-6.21	-7.27	-9.13	-12.60	-14.38

Summerset Group Holdings 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 NZ$-27.0 Mil.

Summerset Group Holdings (NZSE:SUM) 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.

Summerset Group Holdings's Interest Expense for the six months ended in Dec. 2023 was NZ$-14.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$-1.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$1,407.7 Mil.

Summerset Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Summerset Group Holdings did not have earnings to cover the interest expense.

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. Summerset Group Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Summerset Group Holdings (NZSE:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Summerset Group Holdings Ltd (NZSE:SUM) » Definitions » Interest Expense

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SNZ:Australia

Address

100 Willis Street, Level 27, Majestic Centre, Wellington, NZL, 6011

Website

https://www.summerset.co.nz

Summerset Group Holdings Ltd operates retirement villages in New Zealand. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidizes fees for eligible aged-care residents. Its revenue is primarily derived from care fees and village services income. Summerset provides a range of care for its residents, including in-home care and 24-hour medical-care centers. In addition to its independent-living villas and apartments, Summerset offers supported-living residences, which include assistance with daily activities like shopping and housekeeping.