CloudCoCo Group (LSE:CLCO) Interest Expense : £-0.97 Mil (TTM As of Mar. 2024)

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What is CloudCoCo Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CloudCoCo Group's interest expense for the six months ended in Mar. 2024 was £ -0.49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.97 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. CloudCoCo Group's Operating Income for the six months ended in Mar. 2024 was £ -0.70 Mil. CloudCoCo Group's Interest Expense for the six months ended in Mar. 2024 was £ -0.49 Mil. CloudCoCo Group 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.

CloudCoCo Group Interest Expense Historical Data

The historical data trend for CloudCoCo 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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CloudCoCo Group Interest Expense Chart

CloudCoCo Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.60

-0.52

-0.54

-0.77

-0.92

CloudCoCo Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.34	-0.43	-0.44	-0.48	-0.49

CloudCoCo 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 £-0.97 Mil.

CloudCoCo Group (LSE:CLCO) 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.

CloudCoCo Group's Interest Expense for the six months ended in Mar. 2024 was £-0.49 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-0.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £5.94 Mil.

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

CloudCoCo Group did not have earnings to cover the interest expense.

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

CloudCoCo Group Business Description

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

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GV2A:Germany

Address

5 Fleet Place, London, GBR, EC4M 7RD

Website

https://www.cloudcoco.co.uk

CloudCoCo Group PLC is a United Kingdom-based company engaged in being the provision of IT managed services ,Value Added Resale to customers. VAR is the resale of one-time solutions (hardware and software) from leading technology partners and Managed IT Services, which comprises recurring services and ongoing IT support often utilising the data centre locations, core network or technical skills at our disposal.