Orora (ASX:ORA) Interest Expense : A$-57 Mil (TTM As of Dec. 2023)

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What is Orora Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orora's interest expense for the six months ended in Dec. 2023 was A$ -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-57 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. Orora's Operating Income for the six months ended in Dec. 2023 was A$ 56 Mil. Orora's Interest Expense for the six months ended in Dec. 2023 was A$ -46 Mil. Orora's Interest Coverage for the quarter that ended in Dec. 2023 was 1.22. 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.

Orora Interest Expense Historical Data

The historical data trend for Orora'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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Orora Interest Expense Chart

Orora Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-39.80

-37.70

-22.50

-17.50

-33.20

Orora 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															-13.30	-4.20	-21.70	-11.50	-45.70

Orora 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 A$-57 Mil.

Orora (ASX:ORA) 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.

Orora's Interest Expense for the six months ended in Dec. 2023 was A$-46 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$56 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$2,199 Mil.

Orora'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	*	55.6	/	-45.7
	=	1.22

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. Orora Ltd interest coverage is 2.05, which is low.

Orora (ASX:ORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Orora Ltd (ASX:ORA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ORRAF:USA OORD:Germany

Address

109-133 Burwood Road, Hawthorn, Melbourne, VIC, AUS, 3122

Website

https://www.ororagroup.com

Orora Ltd was created in late 2013 when Amcor demerged its Australasian fibre and beverage packaging operations and North American packaging distribution business. Orora's Australasian business is focused on glass bottles, beverage cans, and wine closures, after agreeing to divest its fibre business in late 2019. Orora has the number-one position in beverage cans and number-two position in glass bottles and wine closures. Its primary competitors are Visy Group and Owens-Illinois. The North American business is focused on packaging distribution, but has also expanded into point-of-purchase retail display solutions.