Waterco (ASX:WAT) Interest Expense : A$-2.2 Mil (TTM As of Dec. 2023)

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What is Waterco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Waterco's interest expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.2 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. Waterco's Operating Income for the six months ended in Dec. 2023 was A$ 9.6 Mil. Waterco's Interest Expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Waterco's Interest Coverage for the quarter that ended in Dec. 2023 was 5.63. 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.

Waterco Interest Expense Historical Data

The historical data trend for Waterco'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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Waterco Interest Expense Chart

Waterco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.11

-0.94

-0.35

-0.33

-0.71

Waterco 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															-0.11	-0.22	-0.21	-0.50	-1.71

Waterco 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$-2.2 Mil.

Waterco (ASX:WAT) 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.

Waterco's Interest Expense for the six months ended in Dec. 2023 was A$-1.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$9.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$64.1 Mil.

Waterco'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	*	9.604	/	-1.707
	=	5.63

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

Waterco (ASX:WAT) Business Description

Industry

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Traded in Other Exchanges

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Address

36 South Street, Rydalmere, Sydney, NSW, AUS, 2116

Website

https://www.waterco.com.au

Waterco Ltd engages in the manufacture and distribution of pool and spa products and water treatment equipment. The firm involves in the wholesale, export, and manufacture of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump. The company's pool and spa products comprise commercial accessories and chemical dosers, commercial heating products and pumps, test kits and maintenance products, chemical pool products, pool, and spa blowers, swimming pool and spa valves, recirculation accessories, pool lighting products, robotic pool cleaners, pool suction cleaners, spa equipment, hydroxzone ozone generators. Its maximum revenue is generated from Australia and New Zealand.