Altitude Group (LSE:ALT) Interest Expense : £-0.06 Mil (TTM As of Sep. 2023)

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What is Altitude Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altitude Group's interest expense for the six months ended in Sep. 2023 was £ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.06 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. Altitude Group's Operating Income for the six months ended in Sep. 2023 was £ 0.12 Mil. Altitude Group's Interest Expense for the six months ended in Sep. 2023 was £ -0.02 Mil. Altitude Group's Interest Coverage for the quarter that ended in Sep. 2023 was 6.00. 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.

Altitude Group Interest Expense Historical Data

The historical data trend for Altitude 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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Altitude Group Interest Expense Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Interest Expense

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-0.01

-0.07

-0.06

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.03	-0.03	-0.04	-0.02

Altitude 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 £-0.06 Mil.

Altitude Group (LSE:ALT) 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.

Altitude Group's Interest Expense for the six months ended in Sep. 2023 was £-0.02 Mil. Its Operating Income for the six months ended in Sep. 2023 was £0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £0.53 Mil.

Altitude 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	*	0.12	/	-0.02
	=	6.00

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

Altitude Group (LSE:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Interest Expense

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D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.