Steadfast Group (ASX:SDF) Interest Expense : A$-40 Mil (TTM As of Dec. 2023)

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What is Steadfast Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steadfast Group's interest expense for the six months ended in Dec. 2023 was A$ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-40 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. Steadfast Group's Operating Income for the six months ended in Dec. 2023 was A$ 190 Mil. Steadfast Group's Interest Expense for the six months ended in Dec. 2023 was A$ -22 Mil. Steadfast Group's Interest Coverage for the quarter that ended in Dec. 2023 was 8.68. 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.

Steadfast Group Interest Expense Historical Data

The historical data trend for Steadfast 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.

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Steadfast Group Interest Expense Chart

Steadfast Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-14.13

-13.68

-14.10

-18.00

-31.00

Steadfast Group 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															-8.00	-10.00	-12.80	-18.20	-21.90

Steadfast 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$-40 Mil.

Steadfast Group (ASX:SDF) 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.

Steadfast Group's Interest Expense for the six months ended in Dec. 2023 was A$-22 Mil. Its EBIT for the six months ended in Dec. 2023 was A$190 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$642 Mil.

Steadfast Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	190.2	/	-21.9
	=	8.68

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

Steadfast Group (ASX:SDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Steadfast Group Ltd (ASX:SDF) » Definitions » Interest Expense

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Traded in Other Exchanges

SFGLF:USA 1S6:Germany

Address

99 Bathurst Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.steadfast.com.au

Steadfast Group is the largest general insurance broker network in Australia and New Zealand, with over 425 brokers and almost 1,900 offices in Australia, New Zealand, Singapore, and London. Steadfast operates as both a broker and a consolidator via equity interests in insurance broker businesses, generating over AUD 11 billion of network broker gross written premium annually. Steadfast also co-owns and consolidates underwriting agencies and other complementary businesses.

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