Foley Wines (NZSE:FWL) Interest Expense : NZ$-4.20 Mil (TTM As of Dec. 2023)

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What is Foley Wines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Foley Wines's interest expense for the six months ended in Dec. 2023 was NZ$ -2.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-4.20 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. Foley Wines's Operating Income for the six months ended in Dec. 2023 was NZ$ -0.82 Mil. Foley Wines's Interest Expense for the six months ended in Dec. 2023 was NZ$ -2.32 Mil. Foley Wines 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.

Foley Wines Interest Expense Historical Data

The historical data trend for Foley Wines'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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Foley Wines Interest Expense Chart

Foley Wines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.56

-1.82

-1.51

-1.74

-3.39

Foley Wines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.78	-0.96	-1.51	-1.88	-2.32

Foley Wines 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$-4.20 Mil.

Foley Wines (NZSE:FWL) 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.

Foley Wines's Interest Expense for the six months ended in Dec. 2023 was NZ$-2.32 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$63.16 Mil.

Foley Wines's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Foley Wines did not have earnings to cover the interest expense.

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. Foley Wines Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Foley Wines (NZSE:FWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » Interest Expense

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Address

13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276

Website

https://www.foleywines.co.nz

Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

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