Kier Group (LSE:KIE) Interest Expense : £-41 Mil (TTM As of Jun. 2024)

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What is Kier Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kier Group's interest expense for the six months ended in Jun. 2024 was £ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-41 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. Kier Group's Operating Income for the six months ended in Jun. 2024 was £ 57 Mil. Kier Group's Interest Expense for the six months ended in Jun. 2024 was £ -22 Mil. Kier Group's Interest Coverage for the quarter that ended in Jun. 2024 was 2.67. 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.

Kier Group Interest Expense Historical Data

The historical data trend for Kier 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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Kier Group Interest Expense Chart

Kier Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-33.80

-42.60

-25.90

-38.50

-41.00

Kier Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-12.50	-16.60	-21.90	-19.50	-21.50

Kier 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 £-41 Mil.

Kier Group (LSE:KIE) 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.

Kier Group's Interest Expense for the six months ended in Jun. 2024 was £-22 Mil. Its Operating Income for the six months ended in Jun. 2024 was £57 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £373 Mil.

Kier 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	*	57.4	/	-21.5
	=	2.67

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

Kier Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kier Group PLC (LSE:KIE) » Definitions » Interest Expense

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KIEl:UK 10I:Germany

Address

Optimum House, 2nd Floor, Clippers Quay, Salford, GBR, M50 3XP

Website

http://www.kier.co.uk

Kier Group PLC is a construction, services, and property company that builds and maintains projects for various sectors. Its design and engineering capabilities meet the specifications for public and private customers. The construction segment works in both the public and private sectors through local bases and offers national coverage for its clients. The infrastructure services segment is focused on four main markets: highways, utilities, infrastructure, and rail. The property segment, which invests and develops schemes and sites across the United Kingdom and the last segment is corporate segment. Kier plans to divest from this segment to free up capital for the other segments. The U.K. accounts majority of its revenue, with the rest split among the Americas, Middle East, and Far East.