AJ Bell (LSE:AJB) Interest Expense : £-1.0 Mil (TTM As of Sep. 2023)

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What is AJ Bell Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AJ Bell's interest expense for the six months ended in Sep. 2023 was £ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-1.0 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. AJ Bell's Operating Income for the six months ended in Sep. 2023 was £ 44.6 Mil. AJ Bell's Interest Expense for the six months ended in Sep. 2023 was £ -0.5 Mil. AJ Bell's Interest Coverage for the quarter that ended in Sep. 2023 was 95.98. 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.

AJ Bell Interest Expense Historical Data

The historical data trend for AJ Bell'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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AJ Bell Interest Expense Chart

AJ Bell Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.04

-0.85

-0.79

-0.77

-0.95

AJ Bell Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial									-0.39	-0.38	-0.39	-0.49	-0.47

AJ Bell 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 £-1.0 Mil.

AJ Bell (LSE:AJB) 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.

AJ Bell's Interest Expense for the six months ended in Sep. 2023 was £-0.5 Mil. Its Operating Income for the six months ended in Sep. 2023 was £44.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £10.9 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	44.631	/	-0.465
	=	95.98

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AJ Bell PLC has enough cash to cover all of its debt. Its financial situation is stable.

AJ Bell (LSE:AJB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AJ Bell PLC (LSE:AJB) » Definitions » Interest Expense

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Traded in Other Exchanges

AJBl:UK 3FY:Germany

Address

4 Exchange Quay, Salford Quays, Manchester, GBR, M5 3EE

Website

https://www.ajbell.co.uk

AJ Bell PLC is an investment platform in the United Kingdom. The company's core products are SIPPs, ISAs, and Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from Recurring ad valorem which includes custody fees, interest income and investment management fees; and transactional.