Helia Group (ASX:HLI) Interest Expense : A$-107.5 Mil (TTM As of Dec. 2023)

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What is Helia Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Helia Group's interest expense for the six months ended in Dec. 2023 was A$ -70.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-107.5 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. Helia Group's Operating Income for the six months ended in Dec. 2023 was A$ 254.5 Mil. Helia Group's Interest Expense for the six months ended in Dec. 2023 was A$ -70.4 Mil. Helia Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.62. 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.

Helia Group Interest Expense Historical Data

The historical data trend for Helia Group'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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Helia Group Interest Expense Chart

Helia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.79

-10.71

-10.29

-12.44

-107.49

Helia Group 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															-5.17	-5.11	-7.33	-37.12	-70.36

Helia Group 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$-107.5 Mil.

Helia Group (ASX:HLI) 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.

Helia Group's Interest Expense for the six months ended in Dec. 2023 was A$-70.4 Mil. Its EBIT for the six months ended in Dec. 2023 was A$254.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$195.9 Mil.

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

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	254.52	/	-70.364
	=	3.62

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

Helia Group (ASX:HLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Helia Group Ltd (ASX:HLI) » Definitions » Interest Expense

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0GI0:Germany

Address

101 Miller Street, Level 26, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.helia.com.au

Helia listed on the Australian Securities Exchange in 2014 after its U.S.-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.