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Gateley (Holdings) (LSE:GTLY) Interest Expense : £-2.2 Mil (TTM As of Apr. 2024)


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What is Gateley (Holdings) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gateley (Holdings)'s interest expense for the six months ended in Apr. 2024 was £ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was £-2.2 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. Gateley (Holdings)'s Operating Income for the six months ended in Apr. 2024 was £ 10.0 Mil. Gateley (Holdings)'s Interest Expense for the six months ended in Apr. 2024 was £ -1.3 Mil. Gateley (Holdings)'s Interest Coverage for the quarter that ended in Apr. 2024 was 7.92. 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.

Gateley (Holdings) Interest Expense Historical Data

The historical data trend for Gateley (Holdings)'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.

* Premium members only.

Gateley (Holdings) Interest Expense Chart

Gateley (Holdings) Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.27 -1.37 -1.14 -1.65 -2.22

Gateley (Holdings) Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.63 -0.82 -0.83 -0.96 -1.26

Gateley (Holdings) 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.2 Mil.

* 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.

Gateley (Holdings)  (LSE:GTLY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gateley (Holdings)'s Interest Expense for the six months ended in Apr. 2024 was £-1.3 Mil. Its Operating Income for the six months ended in Apr. 2024 was £10.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Apr. 2024 was £24.2 Mil.

Gateley (Holdings)'s Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Apr. 2024 )/Interest Expense (Q: Apr. 2024 )
=-1*10.003/-1.263
=7.92

* 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.

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

Gateley (Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gateley (Holdings) PLC (LSE:GTLY) » Definitions » Interest Expense
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Traded in Other Exchanges
5I2:Germany
Address
One Eleven Edmund Street, Birmingham, West Midlands, GBR, B3 2HJ
Website
https://www.gateleyplc.com
Gateley (Holdings) PLC is a full-service law firm. It provides commercial legal service with complementary non-legal services which includes trustees to pension schemes and offering tax incentive advice. The company has People, property, corporate and business services segments. It derives majority of its revenues from the Property segment. The firm mainly operates in the United Kingdom, Europe, Middle East, North and South America, Asia and others.

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