Itim Group (LSE:ITIM) Interest Expense : £-0.07 Mil (TTM As of Jun. 2024)

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What is Itim Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Itim Group's interest expense for the six months ended in Jun. 2024 was £ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.07 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. Itim Group's Operating Income for the six months ended in Jun. 2024 was £ 0.12 Mil. Itim Group's Interest Expense for the six months ended in Jun. 2024 was £ -0.05 Mil. Itim Group's Interest Coverage for the quarter that ended in Jun. 2024 was 2.31. 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.

Itim Group Interest Expense Historical Data

The historical data trend for Itim 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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Itim Group Interest Expense Chart

Itim Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.21

-0.18

-0.11

-0.05

-0.04

Itim Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial						-0.02	-0.02	-0.02	-0.02	-0.05

Itim 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 £-0.07 Mil.

Itim Group (LSE:ITIM) 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.

Itim Group's Interest Expense for the six months ended in Jun. 2024 was £-0.05 Mil. Its Operating Income for the six months ended in Jun. 2024 was £0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £0.67 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	0.12	/	-0.052
	=	2.31

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

Itim Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Itim Group PLC (LSE:ITIM) » Definitions » Interest Expense

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32I:Germany

Address

173 Victoria Street, 2nd Floor, Atlas House, London, GBR, SW1E 5NH

Website

https://www.itim.com

Itim Group PLC is engaged in providing software solutions to retailers by helping them to optimize their business and their stores to improve financial performance. It offers a complete set of retail software solutions including Multi-Channel Sales & Services, Enterprise Order Management, Price & Stock Optimization, and Supplier Management. The company operates in the United Kingdom, Europe, and other countries, with a majority of its revenue being derived from the United Kingdom.

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