IG Group Holdings (IG Group Holdings) Interest Expense : $-25 Mil (TTM As of Nov. 2023)

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What is IG Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IG Group Holdings's interest expense for the six months ended in Nov. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-25 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. IG Group Holdings's Operating Income for the six months ended in Nov. 2023 was $ 128 Mil. IG Group Holdings's Interest Expense for the six months ended in Nov. 2023 was $ -15 Mil. IG Group Holdings's Interest Coverage for the quarter that ended in Nov. 2023 was 8.79. 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.

IG Group Holdings Interest Expense Historical Data

The historical data trend for IG Group Holdings'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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IG Group Holdings Interest Expense Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-5.91

-8.49

-10.85

-21.77

-21.22

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-9.69	-12.81	-10.32	-10.24	-14.55

IG Group Holdings 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-25 Mil.

IG Group Holdings (OTCPK:IGGRF) 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.

IG Group Holdings's Interest Expense for the six months ended in Nov. 2023 was $-15 Mil. Its Operating Income for the six months ended in Nov. 2023 was $128 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was $388 Mil.

IG Group Holdings's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	127.861	/	-14.552
	=	8.79

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

IG Group Holdings (IG Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (OTCPK:IGGRF) » Definitions » Interest Expense

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Traded in Other Exchanges

IGGHY:USA IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.