Novatti Group (Novatti Group) Interest Expense : $-0.53 Mil (TTM As of Dec. 2023)

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What is Novatti Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novatti Group's interest expense for the six months ended in Dec. 2023 was $ -0.41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.53 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. Novatti Group's Operating Income for the six months ended in Dec. 2023 was $ -7.10 Mil. Novatti Group's Interest Expense for the six months ended in Dec. 2023 was $ -0.41 Mil. Novatti Group 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.

Novatti Group Interest Expense Historical Data

The historical data trend for Novatti 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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Novatti Group Interest Expense Chart

Novatti Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.05

-0.94

-1.15

-0.51

-0.93

Novatti Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-0.37	-0.15	-0.80	-0.13	-0.41

Novatti 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 $-0.53 Mil.

Novatti Group (OTCPK:NTTIF) 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.

Novatti Group's Interest Expense for the six months ended in Dec. 2023 was $-0.41 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-7.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1.03 Mil.

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

Novatti Group did not have earnings to cover the interest expense.

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

Novatti Group (Novatti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Novatti Group Ltd (OTCPK:NTTIF) » Definitions » Interest Expense

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NOV:Australia

Address

461 Bourke Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.novatti.com

Novatti Group Ltd is a software technology company. The company's operating segment includes Technology, Business Automation, Acquiring, Alternative Payments, Banking Services, ATX Payments, Issuing and Corporate Overheads. The Alternative Payments segment that derives majority revenue provides a network that interconnects emerging payment platforms, remittance operators, financial institutions, retailers, utilities and all types of telecommunication operators. The company operates in Australia, Malta, Malaysia, Brazil, United States, United Arab Emirates, Netherlands, New Zealand, Gibraltar, Channel Island and Others.