Boart Longyear (ASX:BLY) Interest Expense : A$-37 Mil (TTM As of Dec. 2023)

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What is Boart Longyear Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boart Longyear's interest expense for the six months ended in Dec. 2023 was A$ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-37 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. Boart Longyear's Operating Income for the six months ended in Dec. 2023 was A$ -19 Mil. Boart Longyear's Interest Expense for the six months ended in Dec. 2023 was A$ -23 Mil. Boart Longyear 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.

Boart Longyear Interest Expense Historical Data

The historical data trend for Boart Longyear'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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Boart Longyear Interest Expense Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-88.52

-119.10

-119.97

-24.65

-37.18

Boart Longyear 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															-42.15	-10.29	-13.93	-14.57	-22.57

Boart Longyear 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 A$-37 Mil.

Boart Longyear (ASX:BLY) 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.

Boart Longyear's Interest Expense for the six months ended in Dec. 2023 was A$-23 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-19 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$347 Mil.

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

Boart Longyear did not have earnings to cover the interest expense.

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

Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Interest Expense

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BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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