Carr's Group (LSE:CARR) Interest Expense : £-1.5 Mil (TTM As of Feb. 2024)

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What is Carr's Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carr's Group's interest expense for the six months ended in Feb. 2024 was £ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was £-1.5 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. Carr's Group's Operating Income for the six months ended in Feb. 2024 was £ 2.2 Mil. Carr's Group's Interest Expense for the six months ended in Feb. 2024 was £ -0.7 Mil. Carr's Group's Interest Coverage for the quarter that ended in Feb. 2024 was 2.91. 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.

Carr's Group Interest Expense Historical Data

The historical data trend for Carr's 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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Carr's Group Interest Expense Chart

Carr's Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-1.35

-1.66

-0.93

-1.02

-1.32

Carr's Group 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															-0.46	-0.56	-0.61	-0.71	-0.75

Carr's 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 £-1.5 Mil.

Carr's Group (LSE:CARR) 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.

Carr's Group's Interest Expense for the six months ended in Feb. 2024 was £-0.7 Mil. Its Operating Income for the six months ended in Feb. 2024 was £2.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was £10.0 Mil.

Carr's 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	*	2.171	/	-0.745
	=	2.91

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

Carr's Group (LSE:CARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carr's Group PLC (LSE:CARR) » Definitions » Interest Expense

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Traded in Other Exchanges

CARRl:UK CARR.GB:UK

Address

Old Croft, Stanwix, Carlisle, Cumbria, GBR, CA3 9BA

Website

https://www.carrsgroup.com

Carr's Group PLC is a British farm supplies company. The company operates through two segments: Speciality Agriculture and Engineering. The Speciality Agriculture segment derives its revenue from the sale of animal feed blocks and animal health products. The Engineering segment derives its revenue from the provision of engineering services and the design and manufacture of bespoke equipment for use in the nuclear, naval defence, oil and gas, and petrochemical industries and the products include manipulators, robotics, specialist fabrication and precision machining. The company generates the majority of its revenue from the Speciality Agriculture segment.