Westpac Banking (NZSE:WBC) Interest Expense : NZ$-27,473 Mil (TTM As of Sep. 2023)

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What is Westpac Banking Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westpac Banking's interest expense for the six months ended in Sep. 2023 was NZ$ -15,938 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$-27,473 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. Westpac Banking's Operating Income for the six months ended in Sep. 2023 was NZ$ Mil. Westpac Banking's Interest Expense for the six months ended in Sep. 2023 was NZ$ Mil. 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.

Westpac Banking Interest Expense Historical Data

The historical data trend for Westpac Banking'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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Westpac Banking Interest Expense Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-17,527.23

-11,218.57

-5,618.10

-6,865.98

-27,560.03

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-2,419.31	-2,058.37	-4,704.72	-11,535.10	-15,937.90

Westpac Banking 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-27,473 Mil.

Westpac Banking (NZSE:WBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (NZSE:WBC) » Definitions » Interest Expense

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Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.