Spirit Technology Solutions (ASX:ST1) Interest Expense : A$-2.2 Mil (TTM As of Dec. 2023)

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What is Spirit Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spirit Technology Solutions's interest expense for the six months ended in Dec. 2023 was A$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.2 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. Spirit Technology Solutions's Operating Income for the six months ended in Dec. 2023 was A$ -3.4 Mil. Spirit Technology Solutions's Interest Expense for the six months ended in Dec. 2023 was A$ -1.4 Mil. Spirit Technology Solutions did not have earnings to cover the interest expense. 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.

Spirit Technology Solutions Interest Expense Historical Data

The historical data trend for Spirit Technology Solutions'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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Spirit Technology Solutions Interest Expense Chart

Spirit Technology Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.27

-0.29

-0.47

-0.98

-1.49

Spirit Technology Solutions 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															-0.56	-0.43	-0.62	-0.88	-1.37

Spirit Technology Solutions 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$-2.2 Mil.

Spirit Technology Solutions (ASX:ST1) 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.

Spirit Technology Solutions's Interest Expense for the six months ended in Dec. 2023 was A$-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$29.8 Mil.

Spirit Technology Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Spirit Technology Solutions did not have earnings to cover the interest expense.

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

Spirit Technology Solutions (ASX:ST1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spirit Technology Solutions Ltd (ASX:ST1) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-25 Raglan Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.spirit.com.au

Spirit Technology Solutions Ltd provides telecommunication services, cloud services, managed IT services, and cyber security services to small and medium-sized businesses. It derives key revenue from Managed services followed by internet and data services. Geographically the group operates and generates revenue in Australia.

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