Ace Liberty & Stone (FRA:8MW) Interest Expense : €-3.55 Mil (TTM As of Apr. 2023)

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What is Ace Liberty & Stone Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ace Liberty & Stone's interest expense for the six months ended in Apr. 2023 was € -1.78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2023 was €-3.55 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. Ace Liberty & Stone's Operating Income for the six months ended in Apr. 2023 was € 2.10 Mil. Ace Liberty & Stone's Interest Expense for the six months ended in Apr. 2023 was € -1.78 Mil. Ace Liberty & Stone's Interest Coverage for the quarter that ended in Apr. 2023 was 1.18. 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.

Ace Liberty & Stone Interest Expense Historical Data

The historical data trend for Ace Liberty & Stone'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.

* Premium members only.

Ace Liberty & Stone Interest Expense Chart

Ace Liberty & Stone Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-2.90

-3.69

-2.72

-2.98

-3.52

Ace Liberty & Stone Semi-Annual Data
	Apr18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Interest Expense	Get a 7-Day Free Trial					-1.11	-1.83	-1.12	-1.77	-1.78

Ace Liberty & Stone 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 Apr. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.55 Mil.

Ace Liberty & Stone (FRA:8MW) 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.

Ace Liberty & Stone's Interest Expense for the six months ended in Apr. 2023 was €-1.78 Mil. Its Operating Income for the six months ended in Apr. 2023 was €2.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Apr. 2023 was €26.29 Mil.

Ace Liberty & Stone's Interest Coverage for the quarter that ended in Apr. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2023 )	/	Interest Expense (Q: Apr. 2023 )
	=	-1	*	2.1	/	-1.777
	=	1.18

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ace Liberty & Stone PLC interest coverage is 1.19, which is low.

Ace Liberty & Stone (FRA:8MW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ace Liberty & Stone PLC (FRA:8MW) » Definitions » Interest Expense

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Traded in Other Exchanges

ALSP:UK

Address

C/o Bracher Rawlins Llp, 16 High Holborn, London, GBR, WC1V 6BX

Website

https://www.acelibertyandstone.com

Ace Liberty & Stone PLC is an investment company. Its portfolio includes commercial and residential properties in the United Kingdom. The Group's income derives overwhelmingly from the ownership of commercial properties in the United Kingdom.

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