NZME (NZSE:NZM) Interest Expense : NZ$-3.2 Mil (TTM As of Dec. 2023)

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What is NZME Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NZME's interest expense for the six months ended in Dec. 2023 was NZ$ 0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-3.2 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. NZME's Operating Income for the six months ended in Dec. 2023 was NZ$ 15.8 Mil. NZME's Interest Expense for the six months ended in Dec. 2023 was NZ$ 0.5 Mil. NZME 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.

NZME Interest Expense Historical Data

The historical data trend for NZME'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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NZME Interest Expense Chart

NZME Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.50

-3.22

-2.19

-0.99

-3.15

NZME Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											1.70	-2.87	1.89	-3.70	0.55

NZME 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$-3.2 Mil.

NZME (NZSE:NZM) 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.

NZME's Interest Expense for the six months ended in Dec. 2023 was NZ$0.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$15.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$95.6 Mil.

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

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

NZME (NZSE:NZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NZME Ltd (NZSE:NZM) » Definitions » Interest Expense

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NZM:Australia

Address

2 Graham Street, Auckland, NZL, 1010

Website

https://www.nzme.co.nz

NZME Ltd is New Zealand based company. The company operates in 3 business segments, 1) Audio segment includes terrestrial radio stations, digital iHeartRadio, podcasts and Radio brand websites. 2) Publishing segment includes print publications (excluding dedicated real estate publications) and digital news websites including nzherald.co.nz. and BusinessDesk. 3) OneRoof segment comprises oneroof.co.nz and dedicated real estate print publications.

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