Ventia Services Group (ASX:VNT) Interest Expense : A$-47 Mil (TTM As of Jun. 2024)

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What is Ventia Services Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ventia Services Group's interest expense for the six months ended in Jun. 2024 was A$ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-47 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. Ventia Services Group's Operating Income for the six months ended in Jun. 2024 was A$ 169 Mil. Ventia Services Group's Interest Expense for the six months ended in Jun. 2024 was A$ -25 Mil. Ventia Services Group's Interest Coverage for the quarter that ended in Jun. 2024 was 6.71. 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.

Ventia Services Group Interest Expense Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Interest Expense Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-130.00

-28.40

-48.90

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-15.50	-12.90	-26.80	-22.10	-25.20

Ventia Services 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-47 Mil.

Ventia Services Group (ASX:VNT) 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.

Ventia Services Group's Interest Expense for the six months ended in Jun. 2024 was A$-25 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$169 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$830 Mil.

Ventia Services Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	169	/	-25.2
	=	6.71

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

Ventia Services Group Business Description

Industry

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Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.