Arqit Quantum (Arqit Quantum) Interest Expense : $-0.28 Mil (TTM As of Sep. 2023)

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What is Arqit Quantum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arqit Quantum's interest expense for the six months ended in Sep. 2023 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.28 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. Arqit Quantum's Operating Income for the six months ended in Sep. 2023 was $ -40.95 Mil. Arqit Quantum's Interest Expense for the six months ended in Sep. 2023 was $ -0.12 Mil. Arqit Quantum 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.

Arqit Quantum Interest Expense Historical Data

The historical data trend for Arqit Quantum'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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Arqit Quantum Interest Expense Chart

Arqit Quantum Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

-0.39

-1.08

-0.22

-0.28

Arqit Quantum Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial			-0.50	-0.07	-0.15	-0.17	-0.12

Arqit Quantum 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 $-0.28 Mil.

Arqit Quantum (NAS:ARQQ) 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.

Arqit Quantum's Interest Expense for the six months ended in Sep. 2023 was $-0.12 Mil. Its Operating Income for the six months ended in Sep. 2023 was $-40.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $6.28 Mil.

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

Arqit Quantum did not have earnings to cover the interest expense.

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

Arqit Quantum (Arqit Quantum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arqit Quantum Inc (NAS:ARQQ) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Nova North, 11 Bressenden Place, 7th floor, London, GBR, SW1E 5BY

Website

https://www.arqit.uk

Arqit Quantum Inc is a cybersecurity company that has pioneered a symmetric key agreement technology which makes the communications links of any networked device or data at rest secure against current and future forms of cyber attack - even an attack from a quantum computer. Arqit delivers its symmetric key agreement technology via its QuantumCloud. Its product, QuantumCloud, enables any device to download a lightweight software agent, which can create keys in partnership with any other device. The firm operates in one segment that is, the provision of cybersecurity services via satellite and terrestrial platforms. Key revenue comes from the UK.