Prospa Group (ASX:PGL) Interest Expense : A$-67.5 Mil (TTM As of Dec. 2023)

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What is Prospa Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prospa Group's interest expense for the six months ended in Dec. 2023 was A$ -36.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-67.5 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. Prospa Group's Operating Income for the six months ended in Dec. 2023 was A$ 47.2 Mil. Prospa Group's Interest Expense for the six months ended in Dec. 2023 was A$ -36.9 Mil. Prospa Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.28. 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.

Prospa Group Interest Expense Historical Data

The historical data trend for Prospa 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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Prospa Group Interest Expense Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-26.53

-0.54

-16.73

-23.31

-52.04

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-11.17	-12.14	-21.43	-30.62	-36.90

Prospa 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-67.5 Mil.

Prospa Group (ASX:PGL) 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.

Prospa Group's Interest Expense for the six months ended in Dec. 2023 was A$-36.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$47.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$3.2 Mil.

Prospa Group'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	*	47.213	/	-36.896
	=	1.28

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

Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

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