McColl's Retail Group (LSE:MCLS) Interest Expense : £-16 Mil (TTM As of May. 2021)

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What is McColl's Retail Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McColl's Retail Group's interest expense for the six months ended in May. 2021 was £ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2021 was £-16 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. McColl's Retail Group's Operating Income for the six months ended in May. 2021 was £ 6 Mil. McColl's Retail Group's Interest Expense for the six months ended in May. 2021 was £ -9 Mil. McColl's Retail Group's Interest Coverage for the quarter that ended in May. 2021 was 0.65. 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.

McColl's Retail Group Interest Expense Historical Data

The historical data trend for McColl's Retail 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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McColl's Retail Group Interest Expense Chart

McColl's Retail Group Annual Data

Trend

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Interest Expense

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-2.43

-4.80

-7.44

-7.50

-16.70

McColl's Retail Group Semi-Annual Data
	Nov11	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21
Interest Expense	Get a 7-Day Free Trial														-4.14	-3.36	-8.90	-7.80	-8.50

McColl's Retail 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 May. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-16 Mil.

McColl's Retail Group (LSE:MCLS) 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.

McColl's Retail Group's Interest Expense for the six months ended in May. 2021 was £-9 Mil. Its Operating Income for the six months ended in May. 2021 was £6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in May. 2021 was £292 Mil.

McColl's Retail Group's Interest Coverage for the quarter that ended in May. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: May. 2021 )	/	Interest Expense (Q: May. 2021 )
	=	-1	*	5.5	/	-8.5
	=	0.65

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

McColl's Retail Group (LSE:MCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » McColl's Retail Group PLC (LSE:MCLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

One London Road, Ground Floor West, Brentwood, Essex, GBR, CM14 4QW

Website

https://www.mccolls.co.uk

McColl's Retail Group PLC is a retailer operator of convenience and newsagent stores. The company's products and services include everyday groceries, milk, baked beans, fruit pots, snacks, and ready meals, Lotto, Paypoint, and beers, wines, and spirits. The group operates more than 800 convenience stores and approximately 400 newsagent stores. It derives most of the revenue from convenience stores.

McColl's Retail Group (LSE:MCLS) Headlines

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