API Group (LSE:APIA) Interest Expense : £-1.08 Mil (TTM As of Sep. 2014)

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What is API Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. API Group's interest expense for the six months ended in Sep. 2014 was £ -0.52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was £-1.08 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. API Group's Operating Income for the six months ended in Sep. 2014 was £ 2.77 Mil. API Group's Interest Expense for the six months ended in Sep. 2014 was £ -0.52 Mil. API Group's Interest Coverage for the quarter that ended in Sep. 2014 was 5.35. 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.

API Group Interest Expense Historical Data

The historical data trend for API 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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API Group Interest Expense Chart

API Group Annual Data

Trend

Sep04

Sep05

Sep06

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Interest Expense

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-3.02

-2.35

-1.83

-1.22

-1.13

API Group Semi-Annual Data
	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
Interest Expense	Get a 7-Day Free Trial															-0.67	-0.55	-0.57	-0.56	-0.52

API 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.08 Mil.

API Group (LSE:APIA) 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.

API Group's Interest Expense for the six months ended in Sep. 2014 was £-0.52 Mil. Its Operating Income for the six months ended in Sep. 2014 was £2.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2014 was £10.13 Mil.

API Group's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2014 )	/	Interest Expense (Q: Sep. 2014 )
	=	-1	*	2.772	/	-0.518
	=	5.35

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

API Group (LSE:APIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » API Group PLC (LSE:APIA) » Definitions » Interest Expense

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Address

Website

http://www.apigroup.com

API Group PLC is a manufacturer and distributor of foils, laminates and holographic materials. The firm offers metalized film laminates, holographic laminates, aluminum foil laminates, metallic hot stamping foils, cold foils, and custom holograms. The company segmented its operating activities into following reportable segments: Laminates, Foils Europe, Foils Americas, and Holographic. Its primary geographic markets are the United Kingdom, Rest of Europe, Americas, Asia Pacific, and Africa. The company serves clients in various industries including food and confectionery; wines, beers, and spirits; tobacco; cosmetics and perfumes; home and household care, among others.

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