Port of Tauranga (NZSE:POT) Interest Expense : NZ$-19.8 Mil (TTM As of Dec. 2023)

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What is Port of Tauranga Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Port of Tauranga's interest expense for the six months ended in Dec. 2023 was NZ$ -10.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-19.8 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. Port of Tauranga's Operating Income for the six months ended in Dec. 2023 was NZ$ 71.3 Mil. Port of Tauranga's Interest Expense for the six months ended in Dec. 2023 was NZ$ -10.0 Mil. Port of Tauranga's Interest Coverage for the quarter that ended in Dec. 2023 was 7.16. 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.

Port of Tauranga Interest Expense Historical Data

The historical data trend for Port of Tauranga'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.

* Premium members only.

Port of Tauranga Interest Expense Chart

Port of Tauranga Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-18.59

-17.84

-14.98

-14.37

-18.00

Port of Tauranga 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															-7.12	-7.25	-8.21	-9.79	-9.96

Port of Tauranga 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 NZ$-19.8 Mil.

Port of Tauranga (NZSE:POT) 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.

Port of Tauranga's Interest Expense for the six months ended in Dec. 2023 was NZ$-10.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$71.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$249.5 Mil.

Port of Tauranga'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	*	71.331	/	-9.961
	=	7.16

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

Port of Tauranga (NZSE:POT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Port of Tauranga Ltd (NZSE:POT) » Definitions » Interest Expense

Traded in Other Exchanges

PKF1:Germany

Address

Salisbury Avenue, Private Bag 12504, Tauranga Mail Centre, Mount Maunganui, Tauranga, NTL, NZL, 3143

Website

https://www.port-tauranga.co.nz

The Port of Tauranga Limited, situated in the Bay of Plenty on the east coast of New Zealand, is the country's largest port, handling both container and break bulk cargo. It is involved in export and import of cargo and runs a rail link through to Auckland. The biggest commodities traded through the port are logs and forestry, dairy, fertilizers, oil and coal. The firm's principal activities also include the leasing of land and buildings.

Port of Tauranga (NZSE:POT) Headlines

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