Severfield (LSE:SFR) Interest Expense : £-3.6 Mil (TTM As of Sep. 2023)

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What is Severfield Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Severfield's interest expense for the six months ended in Sep. 2023 was £ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-3.6 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. Severfield's Operating Income for the six months ended in Sep. 2023 was £ 11.9 Mil. Severfield's Interest Expense for the six months ended in Sep. 2023 was £ -1.7 Mil. Severfield's Interest Coverage for the quarter that ended in Sep. 2023 was 7.02. 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.

Severfield Interest Expense Historical Data

The historical data trend for Severfield'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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Severfield Interest Expense Chart

Severfield Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.23

-1.28

-1.26

-1.88

-3.18

Severfield Semi-Annual Data
	Mar14	Sep14	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															-0.82	-1.06	-1.32	-1.86	-1.70

Severfield 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 £-3.6 Mil.

Severfield (LSE:SFR) 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.

Severfield's Interest Expense for the six months ended in Sep. 2023 was £-1.7 Mil. Its Operating Income for the six months ended in Sep. 2023 was £11.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £33.0 Mil.

Severfield'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	*	11.913	/	-1.697
	=	7.02

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

Severfield (LSE:SFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Severfield PLC (LSE:SFR) » Definitions » Interest Expense

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Address

Severs House, Dalton Airfield Industrial Estate, Dalton, Thirsk, North Yorkshire, GBR, YO7 3JN

Website

https://www.severfield.com

Severfield PLC is a construction company in the United Kingdom. It is one of the largest structural steel businesses in the UK. It derives its revenues from the provision of services like design, fabrication, and erection of structural steelwork, claddings, and ancillary products predominantly in the United Kingdom and the rest from the Republic of Ireland and continental Europe. The company's projects comprise of bridges, car parks, city center and retail, hotels, health, education, and power sectors.

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