Market (ASX:MKT) Interest Expense : A$-4.74 Mil (TTM As of Dec. 2023)

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What is Market Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Market's interest expense for the six months ended in Dec. 2023 was A$ -2.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.74 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. Market's Operating Income for the six months ended in Dec. 2023 was A$ 2.88 Mil. Market's Interest Expense for the six months ended in Dec. 2023 was A$ -2.32 Mil. Market's Interest Coverage for the quarter that ended in Dec. 2023 was 1.24. 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.

Market Interest Expense Historical Data

The historical data trend for Market'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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Market Interest Expense Chart

Market Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.55

-0.61

-0.48

-4.06

Market 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										-0.26	-0.22	-1.64	-2.42	-2.32

Market 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$-4.74 Mil.

Market (ASX:MKT) 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.

Market's Interest Expense for the six months ended in Dec. 2023 was A$-2.32 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$2.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$35.44 Mil.

Market'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	*	2.875	/	-2.317
	=	1.24

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

Market (ASX:MKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Market Ltd (ASX:MKT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 11, BGC Centre, 28 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.themarketherald.com.au

Market Ltd Formerly The Market Herald Ltd is engaged in the provision of a stock market internet discussion forum, communications and investor relations, consultancy services, and a news platform. The company has Three operating segments, which involve the operation of the HotCopper and the Market Herald websites, The Market Herald segment, and the Stockhouse website, being the Stockhouse segment. car leasing business, being the Subscribacar segment. The stock House Segment Generates maximum revenue.

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