Lords Group Trading (LSE:LORD) Interest Expense : £-6.1 Mil (TTM As of Dec. 2023)

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What is Lords Group Trading Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lords Group Trading's interest expense for the six months ended in Dec. 2023 was £ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-6.1 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. Lords Group Trading's Operating Income for the six months ended in Dec. 2023 was £ 4.2 Mil. Lords Group Trading's Interest Expense for the six months ended in Dec. 2023 was £ -3.6 Mil. Lords Group Trading's Interest Coverage for the quarter that ended in Dec. 2023 was 1.17. 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.

Lords Group Trading Interest Expense Historical Data

The historical data trend for Lords Group Trading'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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Lords Group Trading Interest Expense Chart

Lords Group Trading Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.82

-3.28

-2.57

-3.39

-6.12

Lords Group Trading Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-1.08	-1.45	-1.94	-2.54	-3.58

Lords Group Trading 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 £-6.1 Mil.

Lords Group Trading (LSE:LORD) 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.

Lords Group Trading's Interest Expense for the six months ended in Dec. 2023 was £-3.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was £4.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £82.2 Mil.

Lords Group Trading'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	*	4.205	/	-3.581
	=	1.17

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

Lords Group Trading (LSE:LORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Lords Group Trading PLC (LSE:LORD) » Definitions » Interest Expense

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Traded in Other Exchanges

7S6:Germany

Address

12-15 Hanger Green, 2nd Floor, London, GBR, W5 3EL

Website

https://www.lordsgrouptradingplc.co.uk

Lords Group Trading PLC is a distributor of building, plumbing, heating, and DIY goods. The group principally sells to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and retails directly to the public. Its operating two divisions include Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities; Heating and Plumbing: a distributor in the UK of heating and plumbing products to a UK network of independent merchants, installers and the general public. It focused on the growing Repairs, Maintenance, and Improvement (RMI) market, and construction market. Its main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies.

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