Tourism Holdings (NZSE:THL) Interest Expense : NZ$-29.2 Mil (TTM As of Dec. 2023)

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What is Tourism Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tourism Holdings's interest expense for the six months ended in Dec. 2023 was NZ$ -19.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-29.2 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. Tourism Holdings's Operating Income for the six months ended in Dec. 2023 was NZ$ 27.7 Mil. Tourism Holdings's Interest Expense for the six months ended in Dec. 2023 was NZ$ -19.3 Mil. Tourism Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 1.44. 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.

Tourism Holdings Interest Expense Historical Data

The historical data trend for Tourism 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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Tourism Holdings Interest Expense Chart

Tourism Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-11.87

-10.09

-8.03

-7.80

-17.04

Tourism 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															-5.22	-2.33	-6.88	-9.95	-19.26

Tourism 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$-29.2 Mil.

Tourism Holdings (NZSE:THL) 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.

Tourism Holdings's Interest Expense for the six months ended in Dec. 2023 was NZ$-19.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$27.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$470.4 Mil.

Tourism Holdings'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	*	27.677	/	-19.258
	=	1.44

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. Tourism Holdings Ltd interest coverage is 1.01, which is low.

Tourism Holdings (NZSE:THL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tourism Holdings Ltd (NZSE:THL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

UCH:Germany THL:Australia

Address

83 Beach Road, Level 1, P.O. Box 4293, The Beach House, Auckland, NTL, NZL, 1010

Website

https://www.thlonline.com

Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals; United States Rentals and other. It generates maximum revenue from United States Rentals segment. United States Rentals segment includes rental and sale of Road Bear, Britz, Mighty and El Monte RVs.

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