Avacta Group (LSE:AVCT) Interest Expense : £-14.73 Mil (TTM As of Dec. 2023)

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What is Avacta Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avacta Group's interest expense for the six months ended in Dec. 2023 was £ -7.62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-14.73 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. Avacta Group's Operating Income for the six months ended in Dec. 2023 was £ -15.54 Mil. Avacta Group's Interest Expense for the six months ended in Dec. 2023 was £ -7.62 Mil. Avacta Group did not have earnings to cover the interest expense. 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.

Avacta Group Interest Expense Historical Data

The historical data trend for Avacta 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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Avacta Group Interest Expense Chart

Avacta Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.09

-0.13

-2.61

-14.73

Avacta Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															0.07	-0.13	-2.48	-7.12	-7.62

Avacta 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-14.73 Mil.

Avacta Group (LSE:AVCT) 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.

Avacta Group's Interest Expense for the six months ended in Dec. 2023 was £-7.62 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-15.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £5.95 Mil.

Avacta Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Avacta Group did not have earnings to cover the interest expense.

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

Avacta Group (LSE:AVCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avacta Group PLC (LSE:AVCT) » Definitions » Interest Expense

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AVCTF:USA RTQ1:Germany

Address

Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, GBR, LS23 7FA

Website

https://www.avacta.com

Avacta Group PLC is a United Kingdom-based biotechnology company. The company offers its products through three segments that are Diagnostics, Therapeutics, and Animal Health. The company is developing novel cancer immunotherapies combining its two proprietary platforms Affimer biotherapeutics and precision tumor-targeted chemotherapy. The company operates in the United Kingdom, France, South Korea, Rest of Europe, Asia, and North America.

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