Kip McGrath Education Centres (ASX:KME) Interest Expense : A$-0.16 Mil (TTM As of Dec. 2023)

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What is Kip McGrath Education Centres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kip McGrath Education Centres's interest expense for the six months ended in Dec. 2023 was A$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.16 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. Kip McGrath Education Centres's Operating Income for the six months ended in Dec. 2023 was A$ 0.14 Mil. Kip McGrath Education Centres's Interest Expense for the six months ended in Dec. 2023 was A$ -0.12 Mil. Kip McGrath Education Centres's Interest Coverage for the quarter that ended in Dec. 2023 was 1.10. 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.

Kip McGrath Education Centres Interest Expense Historical Data

The historical data trend for Kip McGrath Education Centres'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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Kip McGrath Education Centres Interest Expense Chart

Kip McGrath Education Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.06

-0.04

-0.05

-0.14

Kip McGrath Education Centres 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															-0.05	0.01	-0.10	-0.04	-0.12

Kip McGrath Education Centres 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$-0.16 Mil.

Kip McGrath Education Centres (ASX:KME) 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.

Kip McGrath Education Centres's Interest Expense for the six months ended in Dec. 2023 was A$-0.12 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1.07 Mil.

Kip McGrath Education Centres's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.136	/	-0.124
	=	1.10

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

Kip McGrath Education Centres (ASX:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face to face tuition programs, direct at-home educational products and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centres, and direct sales, of which a majority of the revenue is derived from franchise fees.