Mears Group (LSE:MER) Interest Expense : £-13 Mil (TTM As of Jun. 2024)

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What is Mears Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mears Group's interest expense for the six months ended in Jun. 2024 was £ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-13 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. Mears Group's Operating Income for the six months ended in Jun. 2024 was £ 34 Mil. Mears Group's Interest Expense for the six months ended in Jun. 2024 was £ -6 Mil. Mears Group's Interest Coverage for the quarter that ended in Jun. 2024 was 5.38. 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.

Mears Group Interest Expense Historical Data

The historical data trend for Mears 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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Mears Group Interest Expense Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.58

-10.29

-8.90

-8.37

-11.18

Mears 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															-4.04	-4.34	-4.75	-6.44	-6.25

Mears 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 £-13 Mil.

Mears Group (LSE:MER) 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.

Mears Group's Interest Expense for the six months ended in Jun. 2024 was £-6 Mil. Its Operating Income for the six months ended in Jun. 2024 was £34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £210 Mil.

Mears 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	*	33.596	/	-6.248
	=	5.38

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

Mears Group Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mears Group PLC (LSE:MER) » Definitions » Interest Expense

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MERl:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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