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Next (NXGPY) Interest Expense : $-112 Mil (TTM As of Jan. 2024)


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What is Next Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Next's interest expense for the six months ended in Jan. 2024 was $ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-112 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. Next's Operating Income for the six months ended in Jan. 2024 was $ 677 Mil. Next's Interest Expense for the six months ended in Jan. 2024 was $ -59 Mil. Next's Interest Coverage for the quarter that ended in Jan. 2024 was 11.43. 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.

Next Interest Expense Historical Data

The historical data trend for Next'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.

Next Interest Expense Chart

Next Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -137.78 -140.25 -117.21 -95.35 -111.18

Next Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -52.85 -43.77 -50.67 -52.71 -59.21

Next 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-112 Mil.

* 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.

Next  (OTCPK:NXGPY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Next's Interest Expense for the six months ended in Jan. 2024 was $-59 Mil. Its Operating Income for the six months ended in Jan. 2024 was $677 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was $2,148 Mil.

Next's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*676.62/-59.212
=11.43

* 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.

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

Next (NXGPY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Next PLC (OTCPK:NXGPY) » Definitions » Interest Expense
Comparable Companies
LSE:JD. LSE:SHOE LSE:QUIZ XMAD:ITX TJX TSE:9983 LULU ROST BOM:500251 BURL GPS ANF TSE:2670 AEO HKSE:06110 URBN TSE:8227 BOM:543426 BOOT ASX:PMV
Traded in Other Exchanges
NXTl:UK NXT:UK NXG:Germany
Address
Desford Road, Enderby, Leicester, GBR, LE19 4AT
Website
https://www.nextplc.co.uk
Next PLC is a retailer that sells clothing, footwear, accessories, and home products. most of the company's offerings consist of its own Next-branded products. Almost all of Next's revenue comes from its hundreds of stores in the United Kingdom and through its online and catalog business that reaches dozens of other countries. most of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance, NEXT Retail, NEXT International Retail, Sourcing and other, and Property Management. Roughly 90% of the company's revenue comes from customers in the United Kingdom.

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