GPGRF (Coats Group) Interest Expense : $-35 Mil (TTM As of Jun. 2024)

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What is Coats Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coats Group's interest expense for the six months ended in Jun. 2024 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-35 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. Coats Group's Operating Income for the six months ended in Jun. 2024 was $ 119 Mil. Coats Group's Interest Expense for the six months ended in Jun. 2024 was $ -17 Mil. Coats Group's Interest Coverage for the quarter that ended in Jun. 2024 was 6.88. 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.

Coats Group Interest Expense Historical Data

The historical data trend for Coats Group'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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Coats Group Interest Expense Chart

Coats Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.70

-19.80

-19.70

-24.30

-35.90

Coats Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-8.50	-15.80	-18.40	-17.50	-17.30

Coats Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-35 Mil.

Coats Group (OTCPK:GPGRF) 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.

Coats Group's Interest Expense for the six months ended in Jun. 2024 was $-17 Mil. Its Operating Income for the six months ended in Jun. 2024 was $119 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $451 Mil.

Coats Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	119.1	/	-17.3
	=	6.88

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

Coats Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (OTCPK:GPGRF) » Definitions » Interest Expense

Traded in Other Exchanges

CGGGF:USA COAl:UK COA:UK

Address

Bridgwater Road, The Pavilions, Bristol, GBR, BS13 8FD

Website

https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its products portfolio includes industrial thread and knitting yarns used in the apparel and footwear industry with a sales presence in over 100 countries. The company operates its business from across six continents which include Asia, America, Europe, the Middle East and Africa of which Asia accounts for the highest revenue.

Coats Group Headlines

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