ECO Buildings Group (LSE:ECOB) Interest Expense : £-0.49 Mil (TTM As of Jun. 2024)

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What is ECO Buildings Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ECO Buildings Group's interest expense for the six months ended in Jun. 2024 was £ -0.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.49 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. ECO Buildings Group's Operating Income for the six months ended in Jun. 2024 was £ -0.66 Mil. ECO Buildings Group's Interest Expense for the six months ended in Jun. 2024 was £ -0.26 Mil. ECO Buildings 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.

ECO Buildings Group Interest Expense Historical Data

The historical data trend for ECO Buildings 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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ECO Buildings Group Interest Expense Chart

ECO Buildings Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.05

-0.28

ECO Buildings Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-0.02	-0.04	-0.05	-0.23	-0.26

ECO Buildings 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.49 Mil.

ECO Buildings Group (LSE:ECOB) 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.

ECO Buildings Group's Interest Expense for the six months ended in Jun. 2024 was £-0.26 Mil. Its Operating Income for the six months ended in Jun. 2024 was £-0.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £4.61 Mil.

ECO Buildings Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

ECO Buildings Group did not have earnings to cover the interest expense.

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

ECO Buildings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group PLC (LSE:ECOB) » Definitions » Interest Expense

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ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildingsplc.com

ECO Buildings Group PLC operates in the prefabricated modular housing sector. The company manufactures glass fibre-reinforced gypsum (GFRG) panels, for housing and commercial developments. It comprises two divisions; Eco Buildings Group Ltd which provides housing solutions based on Glass Fibre Reinforced Gypsum (GFRG) technology; and Fox Marble which provides processed marble quarried in the Balkans for use in construction and developments. Geographically, the company generates its revenue from Europe.

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