InvoCare (ASX:IVC) Interest Expense : A$-20.7 Mil (TTM As of Jun. 2023)

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What is InvoCare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. InvoCare's interest expense for the six months ended in Jun. 2023 was A$ -13.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-20.7 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. InvoCare's Operating Income for the six months ended in Jun. 2023 was A$ 4.2 Mil. InvoCare's Interest Expense for the six months ended in Jun. 2023 was A$ -13.5 Mil. InvoCare's Interest Coverage for the quarter that ended in Jun. 2023 was 0.31. 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.

InvoCare Interest Expense Historical Data

The historical data trend for InvoCare'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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InvoCare Interest Expense Chart

InvoCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-21.04

-20.91

-19.63

-11.76

-10.99

InvoCare Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-6.83	-4.93	-3.73	-7.26	-13.47

InvoCare 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-20.7 Mil.

InvoCare (ASX:IVC) 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.

InvoCare's Interest Expense for the six months ended in Jun. 2023 was A$-13.5 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$4.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$398.8 Mil.

InvoCare's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	4.234	/	-13.465
	=	0.31

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. InvoCare Ltd interest coverage is 1.6, which is low.

InvoCare (ASX:IVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » InvoCare Ltd (ASX:IVC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

40 Mount Street, Level 5, North Sydney, NSW, AUS, 2060

Website

https://www.invocare.com.au

InvoCare is the largest funeral, cemetery, and crematorium operator in Australia and New Zealand. We estimate InvoCare enjoys over a third of revenue share in Australia, and around a fifth in New Zealand, and is the number one player in both countries. Australia contributes the vast majority of consolidated earnings. InvoCare owns a portfolio of over 60 brands, including three flagship national Australian brands: White Lady, Simplicity Funerals, and Value Cremations, and owns and operates 290 funeral homes, along with 16 cemeteries and crematoria.

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