IRESS (IRSMF) Interest Expense : $-14.60 Mil (TTM As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is IRESS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IRESS's interest expense for the six months ended in Dec. 2023 was $ -7.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.60 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. IRESS's Operating Income for the six months ended in Dec. 2023 was $ -2.63 Mil. IRESS's Interest Expense for the six months ended in Dec. 2023 was $ -7.10 Mil. IRESS 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.

IRESS Interest Expense Historical Data

The historical data trend for IRESS'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.

* Premium members only.

IRESS Interest Expense Chart

IRESS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-4.57

-4.67

-4.68

-7.68

-14.58

IRESS 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															-1.50	-3.58	-4.24	-7.50	-7.10

IRESS 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 $-14.60 Mil.

IRESS (OTCPK:IRSMF) 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.

IRESS's Interest Expense for the six months ended in Dec. 2023 was $-7.10 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-2.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $273.64 Mil.

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

IRESS did not have earnings to cover the interest expense.

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

IRESS (IRSMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRESS Ltd (OTCPK:IRSMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IRE:Australia

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.