Iomart Group (Iomart Group) Interest Expense : $-4.6 Mil (TTM As of Sep. 2023)

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What is Iomart Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iomart Group's interest expense for the six months ended in Sep. 2023 was $ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.6 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. Iomart Group's Operating Income for the six months ended in Sep. 2023 was $ 7.9 Mil. Iomart Group's Interest Expense for the six months ended in Sep. 2023 was $ -2.5 Mil. Iomart Group's Interest Coverage for the quarter that ended in Sep. 2023 was 3.17. 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.

Iomart Group Interest Expense Historical Data

The historical data trend for Iomart 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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Iomart Group Interest Expense Chart

Iomart Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.50

-2.74

-2.77

-2.58

-3.54

Iomart Group 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															-1.24	-1.39	-1.37	-2.07	-2.51

Iomart 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.6 Mil.

Iomart Group (OTCPK:IMRTF) 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.

Iomart Group's Interest Expense for the six months ended in Sep. 2023 was $-2.5 Mil. Its Operating Income for the six months ended in Sep. 2023 was $7.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $69.6 Mil.

Iomart Group'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	*	7.944	/	-2.507
	=	3.17

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

Iomart Group (Iomart Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iomart Group PLC (OTCPK:IMRTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IOM.GB:UK IOM:UK LYU:Germany

Address

55 Robertson Street, 6 Atlantic Quay, Glasgow, GBR, G2 8JD

Website

https://www.iomart.com

Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.