Learning Technologies Group (LSE:LTG) Interest Expense : £-14.1 Mil (TTM As of Dec. 2023)

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What is Learning Technologies Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Learning Technologies Group's interest expense for the six months ended in Dec. 2023 was £ -6.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-14.1 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. Learning Technologies Group's Operating Income for the six months ended in Dec. 2023 was £ 35.1 Mil. Learning Technologies Group's Interest Expense for the six months ended in Dec. 2023 was £ -6.9 Mil. Learning Technologies Group's Interest Coverage for the quarter that ended in Dec. 2023 was 5.10. 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.

Learning Technologies Group Interest Expense Historical Data

The historical data trend for Learning Technologies 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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Learning Technologies Group Interest Expense Chart

Learning Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.96

-1.33

-2.50

-9.68

-14.13

Learning Technologies Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.06	-3.45	-6.22	-7.24	-6.89

Learning Technologies 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-14.1 Mil.

Learning Technologies Group (LSE:LTG) 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.

Learning Technologies Group's Interest Expense for the six months ended in Dec. 2023 was £-6.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was £35.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £127.9 Mil.

Learning Technologies Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	35.101	/	-6.889
	=	5.10

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

Learning Technologies Group (LSE:LTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Learning Technologies Group PLC (LSE:LTG) » Definitions » Interest Expense

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Traded in Other Exchanges

LTTHF:USA LTG.GB:UK LTG:Germany

Address

15 Fetter Lane, Ground Floor, London, GBR, EC4A 1BW

Website

https://www.ltgplc.com

Learning Technologies Group PLC, along with its subsidiaries, offers a wide range of e-learning services and technologies to corporate and government clients. The company operates in three reportable segments: the Software and Platforms, the Content and Services, and the Other. Geographically, it operates in the United Kingdom, Mainland Europe, the United States, Canada, Asia Pacific, and the Rest of the World. The company's largest end market by revenue is the United States.

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