IDP Education (IDP Education) Interest Expense : $-10.1 Mil (TTM As of Dec. 2023)

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What is IDP Education Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IDP Education's interest expense for the six months ended in Dec. 2023 was $ -7.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.1 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. IDP Education's Operating Income for the six months ended in Dec. 2023 was $ 101.2 Mil. IDP Education's Interest Expense for the six months ended in Dec. 2023 was $ -7.6 Mil. IDP Education's Interest Coverage for the quarter that ended in Dec. 2023 was 13.35. 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.

IDP Education Interest Expense Historical Data

The historical data trend for IDP Education'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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IDP Education Interest Expense Chart

IDP Education Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.42

-1.07

-2.28

-2.31

-6.96

IDP Education Semi-Annual Data
	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												-2.47	0.12	-4.48	-2.51	-7.58

IDP Education 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 $-10.1 Mil.

IDP Education (OTCPK:IDPUF) 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.

IDP Education's Interest Expense for the six months ended in Dec. 2023 was $-7.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was $101.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $253.9 Mil.

IDP Education'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	*	101.21	/	-7.584
	=	13.35

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

IDP Education (IDP Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » IDP Education Ltd (OTCPK:IDPUF) » Definitions » Interest Expense

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Traded in Other Exchanges

03F:Germany IEL:Australia

Address

697 Collins Street, Level 10, Docklands, VIC, AUS, 3008

Website

https://www.idp.com

IDP Education is a global leader in English language testing and student placement services, constituting 64% and 27% of fiscal 2022 group revenue, respectively. Additionally, IDP operates English language schools, organizes education events and delivers consultancy services to education institutions, which constitutes the remainder of group revenue. Originally established in Australia as an aid body for Southeast Asia, today IDP operates one of the world's most widely accepted English language tests and one of the world's largest student placement services businesses, predominantly connecting prospective migrants from India and China to Australia, Canada, and the United Kingdom.