Third Age Health Services (NZSE:TAH) Interest Expense : NZ$-0.36 Mil (TTM As of Mar. 2024)

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What is Third Age Health Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Third Age Health Services's interest expense for the six months ended in Mar. 2024 was NZ$ -0.28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-0.36 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. Third Age Health Services's Operating Income for the six months ended in Mar. 2024 was NZ$ 1.29 Mil. Third Age Health Services's Interest Expense for the six months ended in Mar. 2024 was NZ$ -0.28 Mil. Third Age Health Services's Interest Coverage for the quarter that ended in Mar. 2024 was 4.69. 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.

Third Age Health Services Interest Expense Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Interest Expense Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.04

-0.02

-0.14

-0.36

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial			-0.02	-0.05	-0.09	-0.09	-0.28

Third Age Health Services 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-0.36 Mil.

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services's Interest Expense for the six months ended in Mar. 2024 was NZ$-0.28 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$1.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$2.40 Mil.

Third Age Health Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.291	/	-0.275
	=	4.69

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

Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Interest Expense

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Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.