GCP Asset Backedome Fund (LSE:GABI) Interest Expense : £-2.38 Mil (TTM As of Dec. 2023)

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What is GCP Asset Backedome Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GCP Asset Backedome Fund's interest expense for the six months ended in Dec. 2023 was £ -1.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-2.38 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. GCP Asset Backedome Fund's Operating Income for the six months ended in Dec. 2023 was £ Mil. GCP Asset Backedome Fund's Interest Expense for the six months ended in Dec. 2023 was £ Mil. 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.

GCP Asset Backedome Fund Interest Expense Historical Data

The historical data trend for GCP Asset Backedome Fund'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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GCP Asset Backedome Fund Interest Expense Chart

GCP Asset Backedome Fund Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.14

-0.40

-0.47

-2.38

GCP Asset Backedome Fund Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-0.23	-0.17	-0.30	-1.22	-1.17

GCP Asset Backedome Fund 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.38 Mil.

GCP Asset Backedome Fund (LSE:GABI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GCP Asset Backed Income Fund Ltd (LSE:GABI) » Definitions » Interest Expense

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GABIl:UK

Address

IFC 5, Saint Helier, JEY, JE1 1ST

Website

http://www.gcpassetbacked.com

GCP Asset Backed Income Fund Ltd is a closed-ended investment company. Its objective is to generate risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. It provides investors with exposure to a portfolio of the United Kingdom-based asset-backed loans secured against cash flows and/or physical assets. The company invests in a diversified portfolio of fixed and floating-rate loans secured against physical assets, which have contracted, predictable medium-to-long-term cash flows. It invests in various sectors, which include asset finance, property, energy and infrastructure, and social infrastructure.

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