Vonex (ASX:VN8) Interest Expense : A$-3.55 Mil (TTM As of Dec. 2023)

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What is Vonex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vonex's interest expense for the six months ended in Dec. 2023 was A$ -2.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.55 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. Vonex's Operating Income for the six months ended in Dec. 2023 was A$ 0.14 Mil. Vonex's Interest Expense for the six months ended in Dec. 2023 was A$ -2.26 Mil. Vonex's Interest Coverage for the quarter that ended in Dec. 2023 was 0.06. 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.

Vonex Interest Expense Historical Data

The historical data trend for Vonex'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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Vonex Interest Expense Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.01

-1.53

-2.28

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-0.78	-0.75	-0.99	-1.29	-2.26

Vonex 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$-3.55 Mil.

Vonex (ASX:VN8) 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.

Vonex's Interest Expense for the six months ended in Dec. 2023 was A$-2.26 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$24.96 Mil.

Vonex'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	*	0.136	/	-2.258
	=	0.06

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

Vonex (ASX:VN8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. It is organized into three operating segments. The retail segment is engaged in the sale of hardware and telecommunication services including the provision of data, internet, voice (including IP voice), and other services; the Wholesale segment is engaged in offering wholesale white-label hosted PBX services under license for Internet Service Providers, Telco's and Cloud Vendors; and Corporate segment is engaged in managing the corporate affairs of the group, and special development projects such as the Oper8tor App. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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