Velocys (LSE:VLS) Interest Expense : £-1.13 Mil (TTM As of Jun. 2023)

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What is Velocys Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velocys's interest expense for the six months ended in Jun. 2023 was £ -0.59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-1.13 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. Velocys's Operating Income for the six months ended in Jun. 2023 was £ -8.46 Mil. Velocys's Interest Expense for the six months ended in Jun. 2023 was £ -0.59 Mil. Velocys did not have earnings to cover the interest expense. 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.

Velocys Interest Expense Historical Data

The historical data trend for Velocys'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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Velocys Interest Expense Chart

Velocys Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.63

-0.20

-0.14

-0.12

-0.83

Velocys Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.05	-0.29	-0.54	-0.59

Velocys 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.13 Mil.

Velocys (LSE:VLS) 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.

Velocys's Interest Expense for the six months ended in Jun. 2023 was £-0.59 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-8.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £4.11 Mil.

Velocys's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Velocys did not have earnings to cover the interest expense.

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

Velocys (LSE:VLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocys PLC (LSE:VLS) » Definitions » Interest Expense

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OXFCF:USA VLS.GB:UK O7N:Germany

Address

Robert Robinson Avenue, Magdalen Centre, The Oxford Science Park, Oxford, GBR, OX4 4GA

Website

https://www.velocys.com

Velocys PLC is a UK-based company that is engaged in design, development, marketing, and sale of technology to produce synthetic fuels and specialty products. Its technology is specifically designed for smaller scale gas-to-liquids (GTL) and biomass-to-liquids (BTL). The company's technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes, and base oils. The business has a single operating segment: the synthetic fuels segment. Geographically, it derives a majority of revenue from the Americas and has a presence in Europe and the Asia Pacific.

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