Smiths News (AQSE:CNCT.GB) Interest Expense : £-5 Mil (TTM As of Feb. 2024)

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What is Smiths News Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Smiths News's interest expense for the six months ended in Feb. 2024 was £ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was £-5 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. Smiths News's Operating Income for the six months ended in Feb. 2024 was £ 19 Mil. Smiths News's Interest Expense for the six months ended in Feb. 2024 was £ -3 Mil. Smiths News's Interest Coverage for the quarter that ended in Feb. 2024 was 5.84. 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.

Smiths News Interest Expense Historical Data

The historical data trend for Smiths News'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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Smiths News Interest Expense Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-5.50

-6.90

-6.80

-5.30

-5.40

Smiths News Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-3.80	-1.50	-3.30	-2.10	-3.20

Smiths News 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-5 Mil.

Smiths News (AQSE:CNCT.GB) 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.

Smiths News's Interest Expense for the six months ended in Feb. 2024 was £-3 Mil. Its Operating Income for the six months ended in Feb. 2024 was £19 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was £49 Mil.

Smiths News's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	18.7	/	-3.2
	=	5.84

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

Smiths News (AQSE:CNCT.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (AQSE:CNCT.GB) » Definitions » Interest Expense

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Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.

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