CMC Markets (LSE:CMCX) Interest Expense : £-1.9 Mil (TTM As of Sep. 2023)

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What is CMC Markets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CMC Markets's interest expense for the six months ended in Sep. 2023 was £ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-1.9 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. CMC Markets's Operating Income for the six months ended in Sep. 2023 was £ 6.4 Mil. CMC Markets's Interest Expense for the six months ended in Sep. 2023 was £ -0.9 Mil. CMC Markets's Interest Coverage for the quarter that ended in Sep. 2023 was 7.35. 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.

CMC Markets Interest Expense Historical Data

The historical data trend for CMC Markets'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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CMC Markets Interest Expense Chart

CMC Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.41

-2.04

-1.74

-2.14

-2.32

CMC Markets Semi-Annual Data
	Mar13	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.00	-1.14	-1.33	-0.99	-0.88

CMC Markets 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 £-1.9 Mil.

CMC Markets (LSE:CMCX) 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.

CMC Markets's Interest Expense for the six months ended in Sep. 2023 was £-0.9 Mil. Its Operating Income for the six months ended in Sep. 2023 was £6.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £12.3 Mil.

CMC Markets'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	*	6.44	/	-0.876
	=	7.35

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

CMC Markets (LSE:CMCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CMC Markets PLC (LSE:CMCX) » Definitions » Interest Expense

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Traded in Other Exchanges

CMCXl:UK T8Q:Germany

Address

133 Houndsditch, London, GBR, EC3A 7BX

Website

https://www.cmcmarkets.com

CMC Markets PLC is a United Kingdom-based company that provides online and mobile trading services. The company's core business is to provide online retail financial services and allows people to trade in various financial products of underlying assets such as forex markets, indices, shares, commodities, and treasuries. Its operating segments include Trading - CFD and spread bet - UK and Ireland; Trading - CFD - Europe; Trading - CFD - Australia, New Zealand and Singapore (APAC) and Canada and Investing - Stockbroking - Australia.

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