Bytes Technology Group (LSE:BYIT) Interest Expense : £-0.4 Mil (TTM As of Feb. 2024)

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What is Bytes Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bytes Technology Group's interest expense for the six months ended in Feb. 2024 was £ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was £-0.4 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. Bytes Technology Group's Operating Income for the six months ended in Feb. 2024 was £ 27.5 Mil. Bytes Technology Group's Interest Expense for the six months ended in Feb. 2024 was £ -0.1 Mil. Bytes Technology Group's Interest Coverage for the quarter that ended in Feb. 2024 was 184.34. 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.

Bytes Technology Group Interest Expense Historical Data

The historical data trend for Bytes Technology 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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Bytes Technology Group Interest Expense Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-0.08

-0.19

-0.59

-0.49

-0.39

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial							-0.29	-0.26	-0.24	-0.24	-0.15

Bytes Technology 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.4 Mil.

Bytes Technology Group (LSE:BYIT) 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.

Bytes Technology Group's Interest Expense for the six months ended in Feb. 2024 was £-0.1 Mil. Its Operating Income for the six months ended in Feb. 2024 was £27.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was £1.3 Mil.

Bytes Technology Group'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	*	27.467	/	-0.149
	=	184.34

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. Bytes Technology Group PLC has enough cash to cover all of its debt. Its financial situation is stable.

Bytes Technology Group (LSE:BYIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (LSE:BYIT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BYI:South Africa BYITl:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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