Craneware (LSE:CRW) Interest Expense : £-4.7 Mil (TTM As of Dec. 2023)

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What is Craneware Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Craneware's interest expense for the six months ended in Dec. 2023 was £ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-4.7 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. Craneware's Operating Income for the six months ended in Dec. 2023 was £ 7.1 Mil. Craneware's Interest Expense for the six months ended in Dec. 2023 was £ -2.2 Mil. Craneware's Interest Coverage for the quarter that ended in Dec. 2023 was 3.23. 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.

Craneware Interest Expense Historical Data

The historical data trend for Craneware'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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Craneware Interest Expense Chart

Craneware Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.08

-0.05

-4.09

-5.04

Craneware Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.08	-2.92	-2.64	-2.48	-2.20

Craneware 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-4.7 Mil.

Craneware (LSE:CRW) 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.

Craneware's Interest Expense for the six months ended in Dec. 2023 was £-2.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was £7.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £41.9 Mil.

Craneware's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.105	/	-2.2
	=	3.23

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

Craneware (LSE:CRW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Craneware PLC (LSE:CRW) » Definitions » Interest Expense

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Traded in Other Exchanges

CRWRF:USA CRW.GB:UK

Address

1 Tanfield, Scotland, Edinburgh, GBR, EH3 5DA

Website

https://www.craneware.com

Craneware PLC provides automated revenue integrity solutions that improve financial performance for healthcare organizations. Its activities include the development, licensing and ongoing support of computer software for the us healthcare industry. It is engaged in sale of software licences, white labelling and professional services (including installation) to hospitals within the USA. Craneware recognizes its revenues from the sale of, and distribution agreements relating to, software licences and professional services.

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