Ajax Resources (LSE:AJAX) Interest Expense : £0.00 Mil (TTM As of Aug. 2024)

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What is Ajax Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ajax Resources's interest expense for the six months ended in Aug. 2024 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was £0.00 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. Ajax Resources's Operating Income for the six months ended in Aug. 2024 was £ -0.10 Mil. Ajax Resources's Interest Expense for the six months ended in Aug. 2024 was £ 0.00 Mil. Ajax Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ajax Resources Interest Expense Historical Data

The historical data trend for Ajax Resources'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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Ajax Resources Interest Expense Chart

Ajax Resources Annual Data

Trend

Feb22

Feb23

Feb24

Interest Expense

Ajax Resources Semi-Annual Data
	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
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Ajax Resources 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Ajax Resources (LSE:AJAX) 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.

Ajax Resources's Interest Expense for the six months ended in Aug. 2024 was £0.00 Mil. Its Operating Income for the six months ended in Aug. 2024 was £-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2024 was £0.00 Mil.

Ajax Resources's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Ajax Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ajax Resources PLC has enough cash to cover all of its debt. Its financial situation is stable.

Ajax Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ajax Resources PLC (LSE:AJAX) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

London Wall, Salisbury House, London, GBR, EC2M 5PS

Website

https://www.ajaxresources.com

Ajax Resources PLC is a special purpose acquisition company formed to raise capital in an initial public offering with the purpose of using the proceeds to acquire one or more unspecified businesses or assets.