Accordant Group (NZSE:AGL) Interest Expense : NZ$-2.5 Mil (TTM As of Mar. 2024)

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What is Accordant Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Accordant Group's interest expense for the six months ended in Mar. 2024 was NZ$ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$-2.5 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. Accordant Group's Operating Income for the six months ended in Mar. 2024 was NZ$ -1.3 Mil. Accordant Group's Interest Expense for the six months ended in Mar. 2024 was NZ$ -1.1 Mil. Accordant 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.

Accordant Group Interest Expense Historical Data

The historical data trend for Accordant 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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Accordant Group Interest Expense Chart

Accordant Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.50

-0.72

-0.68

-1.37

-2.49

Accordant Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.65	-0.71	-1.37	-1.12

Accordant 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$-2.5 Mil.

Accordant Group (NZSE:AGL) 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.

Accordant Group's Interest Expense for the six months ended in Mar. 2024 was NZ$-1.1 Mil. Its Operating Income for the six months ended in Mar. 2024 was NZ$-1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was NZ$30.8 Mil.

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

Accordant Group did not have earnings to cover the interest expense.

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

Accordant Group (NZSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Accordant Group Ltd (NZSE:AGL) » Definitions » Interest Expense

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Address

51 Shortland Street, Level 6, P.O. Box 105675, Auckland, NTL, NZL, 1010

Website

https://www.accordant.nz

Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: AWF and Madison, Absolute IT, and JacksonStone & Partners. The AWF brands derive their revenues from temporary staffing services to the industry. The Madison, Absolute IT, and JacksonStone & Partners brands, which is the key revenue driver, derive revenues from the temporary, contract, and permanent staff services to commerce.