Millennium Services Group (ASX:MIL) Interest Expense : A$-2.0 Mil (TTM As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Millennium Services Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Millennium Services Group's interest expense for the six months ended in Dec. 2023 was A$ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.0 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. Millennium Services Group's Operating Income for the six months ended in Dec. 2023 was A$ 2.6 Mil. Millennium Services Group's Interest Expense for the six months ended in Dec. 2023 was A$ -1.0 Mil. Millennium Services Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.56. 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.

Millennium Services Group Interest Expense Historical Data

The historical data trend for Millennium Services 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.

* Premium members only.

Millennium Services Group Interest Expense Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-2.47

-2.96

-1.52

-0.04

-1.70

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-0.48	0.45	-0.76	-0.94	-1.01

Millennium Services 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$-2.0 Mil.

Millennium Services Group (ASX:MIL) 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.

Millennium Services Group's Interest Expense for the six months ended in Dec. 2023 was A$-1.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$2.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$4.7 Mil.

Millennium Services Group'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	*	2.587	/	-1.012
	=	2.56

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

Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

No Headlines