Loungers (LSE:LGRS) Interest Expense : £-8.3 Mil (TTM As of Oct. 2023)

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What is Loungers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loungers's interest expense for the six months ended in Oct. 2023 was £ -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was £-8.3 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. Loungers's Operating Income for the six months ended in Oct. 2023 was £ 7.8 Mil. Loungers's Interest Expense for the six months ended in Oct. 2023 was £ -3.9 Mil. Loungers's Interest Coverage for the quarter that ended in Oct. 2023 was 1.98. 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.

Loungers Interest Expense Historical Data

The historical data trend for Loungers'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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Loungers Interest Expense Chart

Loungers Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Interest Expense

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-13.64

-19.46

-6.67

-7.04

-6.88

Loungers Semi-Annual Data
	Apr16	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial									-3.18	-3.69	-3.29	-4.34	-3.92

Loungers 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-8.3 Mil.

Loungers (LSE:LGRS) 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.

Loungers's Interest Expense for the six months ended in Oct. 2023 was £-3.9 Mil. Its Operating Income for the six months ended in Oct. 2023 was £7.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was £150.6 Mil.

Loungers's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	7.774	/	-3.922
	=	1.98

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

Loungers (LSE:LGRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Loungers PLC (LSE:LGRS) » Definitions » Interest Expense

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LP0:Germany

Address

26 Baldwin Street, Bristol, GBR, BS1 1SE

Website

https://www.loungers.co.uk

Loungers PLC is an operator of cafe bars and restaurants. Geographically, it operates only in the United Kingdom. It generates revenue from the sale of food and drink.

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