Pioneer Credit (ASX:PNC) Interest Expense : A$-37.06 Mil (TTM As of Dec. 2023)

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What is Pioneer Credit Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pioneer Credit's interest expense for the six months ended in Dec. 2023 was A$ -19.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-37.06 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. Pioneer Credit's Operating Income for the six months ended in Dec. 2023 was A$ -26.59 Mil. Pioneer Credit's Interest Expense for the six months ended in Dec. 2023 was A$ -19.34 Mil. Pioneer Credit 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.

Pioneer Credit Interest Expense Historical Data

The historical data trend for Pioneer Credit'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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Pioneer Credit Interest Expense Chart

Pioneer Credit Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-8.42

-38.47

-26.22

-38.59

-33.17

Pioneer Credit 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															-26.30	-12.29	-15.45	-17.72	-19.34

Pioneer Credit 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$-37.06 Mil.

Pioneer Credit (ASX:PNC) 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.

Pioneer Credit's Interest Expense for the six months ended in Dec. 2023 was A$-19.34 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-26.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$277.81 Mil.

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

Pioneer Credit did not have earnings to cover the interest expense.

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

Pioneer Credit (ASX:PNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pioneer Credit Ltd (ASX:PNC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

108 St. Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.pioneercredit.com.au

Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.