New Zealand Rural Land Co (NZSE:NZL) Interest Expense : NZ$-12.26 Mil (TTM As of Dec. 2023)

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What is New Zealand Rural Land Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Zealand Rural Land Co's interest expense for the six months ended in Dec. 2023 was NZ$ -8.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-12.26 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. New Zealand Rural Land Co's Operating Income for the six months ended in Dec. 2023 was NZ$ 7.63 Mil. New Zealand Rural Land Co's Interest Expense for the six months ended in Dec. 2023 was NZ$ -8.11 Mil. New Zealand Rural Land Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.94. 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.

New Zealand Rural Land Co Interest Expense Historical Data

The historical data trend for New Zealand Rural Land Co'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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New Zealand Rural Land Co Interest Expense Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Interest Expense

-2.67

-12.26

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	0.06	-2.73	-2.80	-4.16	-8.11

New Zealand Rural Land Co 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$-12.26 Mil.

New Zealand Rural Land Co (NZSE:NZL) 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.

New Zealand Rural Land Co's Interest Expense for the six months ended in Dec. 2023 was NZ$-8.11 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$7.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$111.98 Mil.

New Zealand Rural Land Co'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	*	7.632	/	-8.106
	=	0.94

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. New Zealand Rural Land Co Ltd interest coverage is 1.1, which is low.

New Zealand Rural Land Co (NZSE:NZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (NZSE:NZL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

8UK:Germany

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (NZSE:NZL) Headlines

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