Brooks Macdonald Group (LSE:BRK) Interest Expense : £-0.2 Mil (TTM As of Dec. 2023)

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What is Brooks Macdonald Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brooks Macdonald Group's interest expense for the six months ended in Dec. 2023 was £ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.2 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. Brooks Macdonald Group's Operating Income for the six months ended in Dec. 2023 was £ 9.3 Mil. Brooks Macdonald Group's Interest Expense for the six months ended in Dec. 2023 was £ -0.1 Mil. Brooks Macdonald Group's Interest Coverage for the quarter that ended in Dec. 2023 was 89.69. 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.

Brooks Macdonald Group Interest Expense Historical Data

The historical data trend for Brooks Macdonald 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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Brooks Macdonald Group Interest Expense Chart

Brooks Macdonald Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.07

-0.31

-0.32

-0.28

-0.24

Brooks Macdonald Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.23	-0.05	-0.12	-0.12	-0.10

Brooks Macdonald 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 £-0.2 Mil.

Brooks Macdonald Group (LSE:BRK) 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.

Brooks Macdonald Group's Interest Expense for the six months ended in Dec. 2023 was £-0.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was £9.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £2.5 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.328	/	-0.104
	=	89.69

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brooks Macdonald Group PLC has enough cash to cover all of its debt. Its financial situation is stable.

Brooks Macdonald Group (LSE:BRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brooks Macdonald Group PLC (LSE:BRK) » Definitions » Interest Expense

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Traded in Other Exchanges

BRK:UK

Address

21 Lombard Street, London, GBR, EC3V 9AH

Website

https://www.brooksmacdonald.com

Brooks Macdonald Group PLC provides investment management services, handles offshore fund management and administration services, and acts as a fund manager to regulated Open-Ended Investment Companies. It provides its services to private investors, pension funds, charities, trusts, high net worth families, and employee benefit consultancies. It also provides specialized funds in the property and absolute return sectors and manages property assets on behalf of these funds and other clients. Additionally, the company is involved in international investment advisory services as well, but the majority of its revenues come from the investment management segment.

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