New Hope (ASX:NHC) Interest Expense : A$-7 Mil (TTM As of Jan. 2024)

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What is New Hope Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Hope's interest expense for the six months ended in Jan. 2024 was A$ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was A$-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. New Hope's Operating Income for the six months ended in Jan. 2024 was A$ 322 Mil. New Hope's Interest Expense for the six months ended in Jan. 2024 was A$ -6 Mil. New Hope's Interest Coverage for the quarter that ended in Jan. 2024 was 57.34. 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.

New Hope Interest Expense Historical Data

The historical data trend for New Hope'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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New Hope Interest Expense Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-22.64

-22.45

-21.50

-22.31

-9.92

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial															-13.79	-8.52	-8.09	-1.83	-5.62

New Hope 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-7 Mil.

New Hope (ASX:NHC) 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.

New Hope's Interest Expense for the six months ended in Jan. 2024 was A$-6 Mil. Its Operating Income for the six months ended in Jan. 2024 was A$322 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was A$77 Mil.

New Hope's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	322.281	/	-5.621
	=	57.34

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New Hope Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

New Hope (ASX:NHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (ASX:NHC) » Definitions » Interest Expense

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NHPEF:USA OD8:Germany

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.