Boom Logistics (ASX:BOL) Interest Expense : A$-2.6 Mil (TTM As of Dec. 2023)

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What is Boom Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boom Logistics's interest expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.6 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. Boom Logistics's Operating Income for the six months ended in Dec. 2023 was A$ -122.7 Mil. Boom Logistics's Interest Expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Boom Logistics 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.

Boom Logistics Interest Expense Historical Data

The historical data trend for Boom Logistics'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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Boom Logistics Interest Expense Chart

Boom Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-3.71

-2.84

-2.06

-1.92

-1.85

Boom Logistics 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															-1.04	-0.88	-1.01	-0.84	-1.72

Boom Logistics 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$-2.6 Mil.

Boom Logistics (ASX:BOL) 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.

Boom Logistics's Interest Expense for the six months ended in Dec. 2023 was A$-1.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-122.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$32.0 Mil.

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

Boom Logistics did not have earnings to cover the interest expense.

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

Boom Logistics (ASX:BOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Boom Logistics Ltd (ASX:BOL) » Definitions » Interest Expense

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Traded in Other Exchanges

GJY:Germany

Address

55 Southbank Boulevard, Suite B Level 1, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.boomlogistics.com.au

Boom Logistics Ltd is a national industrial services group that provides total lifting solutions, short-term or long-term crane hire, right across Australia. The company has two operating segments, namely, "Lifting Solutions", which provides all lifting activities including the provision of cranes, travel towers, access equipment, and all associated services; and "Labour Hire", which includes the provision of skilled labour with a wide range of trades, such as, electricians, boilermakers, mechanics, plus the traditional crane and travel tower operators, riggers, truck drivers. The company earns majority revenue from the Lifting Solutions segment.

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