Angling Direct (LSE:ANG) Interest Expense : £-0.61 Mil (TTM As of Jul. 2024)

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What is Angling Direct Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Angling Direct's interest expense for the six months ended in Jul. 2024 was £ -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was £-0.61 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. Angling Direct's Operating Income for the six months ended in Jul. 2024 was £ 2.32 Mil. Angling Direct's Interest Expense for the six months ended in Jul. 2024 was £ -0.32 Mil. Angling Direct's Interest Coverage for the quarter that ended in Jul. 2024 was 7.38. 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.

Angling Direct Interest Expense Historical Data

The historical data trend for Angling Direct'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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Angling Direct Interest Expense Chart

Angling Direct Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-0.33

-0.40

-0.41

-0.46

-0.54

Angling Direct Semi-Annual Data
	Jan15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Interest Expense	Get a 7-Day Free Trial														-0.23	-0.24	-0.25	-0.30	-0.32

Angling Direct 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.61 Mil.

Angling Direct (LSE:ANG) 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.

Angling Direct's Interest Expense for the six months ended in Jul. 2024 was £-0.32 Mil. Its Operating Income for the six months ended in Jul. 2024 was £2.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2024 was £11.07 Mil.

Angling Direct's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2024 )	/	Interest Expense (Q: Jul. 2024 )
	=	-1	*	2.324	/	-0.315
	=	7.38

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

Angling Direct Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Angling Direct PLC (LSE:ANG) » Definitions » Interest Expense

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Address

2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH

Website

https://www.anglingdirect.co.uk

Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. The company has three operating segments: Stores, UK Online and EU Online. The company derives revenue from the Stores segment. The company operates in the UK.

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