Amte Power (LSE:AMTE) Interest Expense : £-0.33 Mil (TTM As of Dec. 2022)

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What is Amte Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amte Power's interest expense for the six months ended in Dec. 2022 was £ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was £-0.33 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. Amte Power's Operating Income for the six months ended in Dec. 2022 was £ -3.79 Mil. Amte Power's Interest Expense for the six months ended in Dec. 2022 was £ -0.21 Mil. Amte Power did not have earnings to cover the interest expense. 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.

Amte Power Interest Expense Historical Data

The historical data trend for Amte Power'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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Amte Power Interest Expense Chart

Amte Power Annual Data

Trend

Mar18

Mar19

Jun21

Jun22

Interest Expense

-0.10

-0.12

-0.24

Amte Power Semi-Annual Data
	Mar18	Mar19	Dec20	Jun21	Dec21	Jun22	Dec22
Interest Expense	Get a 7-Day Free Trial			-0.14	-0.10	-0.12	-0.12	-0.21

Amte Power 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.33 Mil.

Amte Power (LSE:AMTE) 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.

Amte Power's Interest Expense for the six months ended in Dec. 2022 was £-0.21 Mil. Its Operating Income for the six months ended in Dec. 2022 was £-3.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was £3.02 Mil.

Amte Power's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Amte Power did not have earnings to cover the interest expense.

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

Amte Power Business Description

Industry

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Address

Denchi House, Thurso Business Park, Thurso, Caithness, SCT, KW14 7XW

Website

https://www.amtepower.com

Amte Power PLC is developing a portfolio of differentiated, lithium-ion and lithium-ion derivative battery cells. The products of the company include Ultra High-Power (UHP), Ultra Energy (UE), Ultra Safe (US), and Ultra Prime (UPr) among others. It is operated mainly in the United Kingdom.

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