2 Cheap Cars Group (NZSE:2CC) Interest Expense : NZ$-0.34 Mil (TTM As of Mar. 2024)

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What is 2 Cheap Cars Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 2 Cheap Cars Group's interest expense for the six months ended in Mar. 2024 was NZ$ 0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-0.34 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. 2 Cheap Cars Group's Operating Income for the six months ended in Mar. 2024 was NZ$ 1.82 Mil. 2 Cheap Cars Group's Interest Expense for the six months ended in Mar. 2024 was NZ$ 0.05 Mil. 2 Cheap Cars Group 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.

2 Cheap Cars Group Interest Expense Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Interest Expense Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.18

-0.50

-0.78

-0.34

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial			-0.25	-0.48	-0.30	-0.39	0.05

2 Cheap Cars 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-0.34 Mil.

2 Cheap Cars Group (NZSE:2CC) 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.

2 Cheap Cars Group's Interest Expense for the six months ended in Mar. 2024 was NZ$0.05 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$1.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$5.62 Mil.

2 Cheap Cars Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

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