OFX Group (ASX:OFX) Interest Expense : A$-6.5 Mil (TTM As of Mar. 2024)

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What is OFX Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OFX Group's interest expense for the six months ended in Mar. 2024 was A$ -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was A$-6.5 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. OFX Group's Operating Income for the six months ended in Mar. 2024 was A$ 16.2 Mil. OFX Group's Interest Expense for the six months ended in Mar. 2024 was A$ -3.0 Mil. OFX Group's Interest Coverage for the quarter that ended in Mar. 2024 was 5.33. 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.

OFX Group Interest Expense Historical Data

The historical data trend for OFX 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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OFX Group Interest Expense Chart

OFX Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.65

-1.36

-0.72

-5.87

-6.55

OFX 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															-0.35	-2.47	-3.40	-3.50	-3.05

OFX 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 A$-6.5 Mil.

OFX Group (ASX:OFX) 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.

OFX Group's Interest Expense for the six months ended in Mar. 2024 was A$-3.0 Mil. Its Operating Income for the six months ended in Mar. 2024 was A$16.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was A$42.1 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	16.244	/	-3.049
	=	5.33

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

OFX Group (ASX:OFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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