MDM Engineering Group (LSE:MDM) Interest Expense : £-0.01 Mil (TTM As of Mar. 2014)

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What is MDM Engineering Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MDM Engineering Group's interest expense for the six months ended in Mar. 2014 was £ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2014 was £-0.01 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. MDM Engineering Group's Operating Income for the six months ended in Mar. 2014 was £ 4.15 Mil. MDM Engineering Group's Interest Expense for the six months ended in Mar. 2014 was £ -0.01 Mil. MDM Engineering Group's Interest Coverage for the quarter that ended in Mar. 2014 was 376.91. 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.

MDM Engineering Group Interest Expense Historical Data

The historical data trend for MDM Engineering 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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MDM Engineering Group Interest Expense Chart

MDM Engineering Group Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Interest Expense

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-0.34

-0.07

-0.01

MDM Engineering Group Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14
Interest Expense	-	-	-	-	-0.01

MDM Engineering 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 Mar. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.01 Mil.

MDM Engineering Group (LSE:MDM) 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.

MDM Engineering Group's Interest Expense for the six months ended in Mar. 2014 was £-0.01 Mil. Its Operating Income for the six months ended in Mar. 2014 was £4.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2014 was £0.01 Mil.

MDM Engineering Group's Interest Coverage for the quarter that ended in Mar. 2014 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2014 )	/	Interest Expense (Q: Mar. 2014 )
	=	-1	*	4.146	/	-0.011
	=	376.91

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

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. MDM Engineering Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

MDM Engineering Group (LSE:MDM) Business Description

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Website

http://www.mdm-engineering.com

MDM Engineering Group Ltd is engaged in the mineral process engineering and project management. The company has operations in the South Africa.

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