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.

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Cranswick Interest Expense Chart

Cranswick Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-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															-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.

Cranswick (LSE:CWK) 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.

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

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

Cranswick Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cranswick PLC (LSE:CWK) » Definitions » Interest Expense

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CWKl:UK 0U6:Germany 0U6:Germany

Address

Ferriby Road, Crane Court, Hesslewood Country Office Park, East Yorkshire, Hessle, GBR, HU13 0PA

Website

https://www.cranswick.plc.uk

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.