CLS Holdings (LSE:CLI) Interest Expense : £-35.5 Mil (TTM As of Dec. 2023)

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What is CLS Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CLS Holdings's interest expense for the six months ended in Dec. 2023 was £ -19.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-35.5 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. CLS Holdings's Operating Income for the six months ended in Dec. 2023 was £ 39.4 Mil. CLS Holdings's Interest Expense for the six months ended in Dec. 2023 was £ -19.2 Mil. CLS Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.05. 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.

CLS Holdings Interest Expense Historical Data

The historical data trend for CLS Holdings'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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CLS Holdings Interest Expense Chart

CLS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.00

-22.30

-23.50

-25.00

-35.50

CLS Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-11.90	-11.70	-13.30	-16.30	-19.20

CLS Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-35.5 Mil.

CLS Holdings (LSE:CLI) 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.

CLS Holdings's Interest Expense for the six months ended in Dec. 2023 was £-19.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was £39.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £880.2 Mil.

CLS Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	39.4	/	-19.2
	=	2.05

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CLS Holdings PLC interest coverage is 2.23, which is low.

CLS Holdings (LSE:CLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CLS Holdings PLC (LSE:CLI) » Definitions » Interest Expense

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CLIl:UK 838:Germany

Address

16 Tinworth Street, London, GBR, SE11 5AL

Website

https://www.clsholdings.com

CLS Holdings PLC is a commercial property investment firm focused on office space. The company has two operating segments: Investment property and Other investments. The Investment property segment includes properties in the United Kingdom, Germany, and France, with over half of its assets in the United Kingdom. The Other investments comprise the hotel at Spring Mews and other small corporate investments. The company invests in noncentral locations that have efficient access to transportation and are located in large cities. CLS Holdings generates most of its revenue from rental income.

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