Versarien (LSE:VRS) Interest Expense : £-0.57 Mil (TTM As of Sep. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Versarien Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Versarien's interest expense for the six months ended in Sep. 2023 was £ -0.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.57 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. Versarien's Operating Income for the six months ended in Sep. 2023 was £ -1.99 Mil. Versarien's Interest Expense for the six months ended in Sep. 2023 was £ -0.30 Mil. Versarien did not have earnings to cover the interest expense. 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.

Versarien Interest Expense Historical Data

The historical data trend for Versarien'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.

* Premium members only.

Versarien Interest Expense Chart

Versarien Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Sep23

Interest Expense

Get a 7-Day Free Trial

-0.09

-0.15

-0.40

-0.57

Versarien Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.10	-0.30	-0.27	-0.30

Versarien 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.57 Mil.

Versarien (LSE:VRS) 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.

Versarien's Interest Expense for the six months ended in Sep. 2023 was £-0.30 Mil. Its Operating Income for the six months ended in Sep. 2023 was £-1.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £6.00 Mil.

Versarien's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Versarien did not have earnings to cover the interest expense.

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

Versarien (LSE:VRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Versarien PLC (LSE:VRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VRSRF:USA VRS.GB:UK 9RV:Germany

Address

Monmouth Road, Units 1A-D, Longhope Business Park, Longhope, Gloucestershire, GBR, GL17 0QZ

Website

https://www.versarien.com

Versarien PLC is an IP-led advanced engineering materials group that utilizes proprietary technology to create innovative new engineering solutions. The business activities of the group function through Graphene and Plastic Products and Hard Wear and Metallic Product segments. Graphene and Plastic Products focused on delivering graphene solutions through plastics and carbon fibre composites, and Hard Wear and Metallic Products focused on delivering aluminium and tungsten carbide products. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.