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Cranswick (LSE:CWK) Interest Expense : £-9 Mil (TTM As of Sep. 2024)


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What is Cranswick Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cranswick's interest expense for the six months ended in Sep. 2024 was £ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was £-9 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. Cranswick's Operating Income for the six months ended in Sep. 2024 was £ 94 Mil. Cranswick's Interest Expense for the six months ended in Sep. 2024 was £ -4 Mil. Cranswick's Interest Coverage for the quarter that ended in Sep. 2024 was 24.10. 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.


Cranswick Interest Expense Historical Data

The historical data trend for Cranswick'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.

Cranswick Interest Expense Chart

Cranswick Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.80 -3.00 -3.80 -6.50 -8.90

Cranswick Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.40 -4.10 -3.90 -5.00 -3.90

Cranswick 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-9 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.


Cranswick  (LSE:CWK) 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.

Cranswick's Interest Expense for the six months ended in Sep. 2024 was £-4 Mil. Its Operating Income for the six months ended in Sep. 2024 was £94 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was £89 Mil.

Cranswick's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*94/-3.9
=24.10

* 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.


Cranswick Business Description

Traded in Other Exchanges
Address
Ferriby Road, Crane Court, Hesslewood Country Office Park, East Yorkshire, Hessle, GBR, HU13 0PA
Cranswick PLC is a British supplier of fresh pork, sausages, and cooked meats through retail, food service, and manufacturing channels. The company operates through its food segment, which manufactures and supplies products to United Kingdom grocery retailers, the food-service sector, and other food producers. It has also started supplying pet food. Retail customers contribute about three-fourths of the company's total revenue, through retailers' own-label products. Cranswick's operations are focused on the production and supply of premium food products and are located in the U.K., with a small proportion of exports across continental Europe, and other parts of the world. The company is also engaged in pig-breeding and rearing operations.