Driver Group (LSE:DRV) Interest Expense : £-0.06 Mil (TTM As of Sep. 2023)

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What is Driver Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Driver Group's interest expense for the six months ended in Sep. 2023 was £ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.06 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. Driver Group's Operating Income for the six months ended in Sep. 2023 was £ -0.16 Mil. Driver Group's Interest Expense for the six months ended in Sep. 2023 was £ -0.01 Mil. Driver 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.

Driver Group Interest Expense Historical Data

The historical data trend for Driver 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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Driver Group Interest Expense Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.13

-0.11

-0.10

-0.06

Driver Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.06	-0.04	-0.05	-0.01

Driver 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.06 Mil.

Driver Group (LSE:DRV) 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.

Driver Group's Interest Expense for the six months ended in Sep. 2023 was £-0.01 Mil. Its Operating Income for the six months ended in Sep. 2023 was £-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £0.62 Mil.

Driver Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

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

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

Driver Group (LSE:DRV) Business Description

Industry

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Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.