ECO Buildings Group (LSE:ECOB) Interest Expense : £ Mil (TTM As of Jun. 2023)

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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. 2023 was £ -0.05 Mil. ECO Buildings Group does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. 2023 was £ -0.09 Mil. ECO Buildings Group's Interest Expense for the six months ended in Jun. 2023 was £ -0.05 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

Interest Expense

ECO Buildings Group Semi-Annual Data
	Jun22	Jun23
Interest Expense	-0.02	-0.05

ECO Buildings Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

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. 2023 was £-0.05 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £4.96 Mil.

ECO Buildings Group's Interest Coverage for the quarter that ended in Jun. 2023 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 (LSE:ECOB) 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-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

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