Cleanaway Waste Management (NZSE:CWY) Interest Expense : NZ$-93 Mil (TTM As of Dec. 2023)

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What is Cleanaway Waste Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cleanaway Waste Management's interest expense for the six months ended in Dec. 2023 was NZ$ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-93 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. Cleanaway Waste Management's Operating Income for the six months ended in Dec. 2023 was NZ$ 147 Mil. Cleanaway Waste Management's Interest Expense for the six months ended in Dec. 2023 was NZ$ -49 Mil. Cleanaway Waste Management's Interest Coverage for the quarter that ended in Dec. 2023 was 3.00. 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.

Cleanaway Waste Management Interest Expense Historical Data

The historical data trend for Cleanaway Waste Management'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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Cleanaway Waste Management Interest Expense Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-44.92

-37.89

-21.73

-37.72

-82.81

Cleanaway Waste Management 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															-17.61	-19.25	-37.39	-44.31	-48.94

Cleanaway Waste Management 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 NZ$-93 Mil.

Cleanaway Waste Management (NZSE:CWY) 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.

Cleanaway Waste Management's Interest Expense for the six months ended in Dec. 2023 was NZ$-49 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$147 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$1,700 Mil.

Cleanaway Waste Management'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	*	146.824	/	-48.941
	=	3.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cleanaway Waste Management Ltd interest coverage is 1.78, which is low.

Cleanaway Waste Management (NZSE:CWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (NZSE:CWY) » Definitions » Interest Expense

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TSPCF:USA TG9:Germany CWY:Australia

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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