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Auction Technology Group (LSE:ATG) Interest Expense : £-11.2 Mil (TTM As of Mar. 2024)


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What is Auction Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Auction Technology Group's interest expense for the six months ended in Mar. 2024 was £ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-11.2 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. Auction Technology Group's Operating Income for the six months ended in Mar. 2024 was £ 10.5 Mil. Auction Technology Group's Interest Expense for the six months ended in Mar. 2024 was £ -6.5 Mil. Auction Technology Group's Interest Coverage for the quarter that ended in Mar. 2024 was 1.61. 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.

Auction Technology Group Interest Expense Historical Data

The historical data trend for Auction Technology 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.

* Premium members only.

Auction Technology Group Interest Expense Chart

Auction Technology Group Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial -0.96 -5.51 -14.46 -7.35 -10.84

Auction Technology Group Semi-Annual Data
Sep18 Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.17 -4.18 -6.18 -4.66 -6.55

Auction Technology 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-11.2 Mil.

* 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.

Auction Technology Group  (LSE:ATG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Auction Technology Group's Interest Expense for the six months ended in Mar. 2024 was £-6.5 Mil. Its Operating Income for the six months ended in Mar. 2024 was £10.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £126.1 Mil.

Auction Technology Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*10.524/-6.545
=1.61

* 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.

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

Auction Technology Group (LSE:ATG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (LSE:ATG) » Definitions » Interest Expense
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Traded in Other Exchanges
ATHGF:USA ATGl:UK 684:Germany
Address
65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR
Website
https://www.auctiontechnologygroup.com
Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

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