Mindflair (LSE:MFAI) Interest Expense : £0.00 Mil (TTM As of Jun. 2024)

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What is Mindflair Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mindflair's interest expense for the six months ended in Jun. 2024 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £0.00 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. Mindflair's Operating Income for the six months ended in Jun. 2024 was £ -0.18 Mil. Mindflair's Interest Expense for the six months ended in Jun. 2024 was £ 0.00 Mil. Mindflair has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Mindflair Interest Expense Historical Data

The historical data trend for Mindflair'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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Mindflair Interest Expense Chart

Mindflair Annual Data

Trend

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Interest Expense

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Mindflair Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.05	-	-

Mindflair 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 £0.00 Mil.

Mindflair (LSE:MFAI) 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.

Mindflair's Interest Expense for the six months ended in Jun. 2024 was £0.00 Mil. Its Operating Income for the six months ended in Jun. 2024 was £-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £0.00 Mil.

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

Mindflair had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mindflair PLC has enough cash to cover all of its debt. Its financial situation is stable.

Mindflair Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mindflair PLC (LSE:MFAI) » Definitions » Interest Expense

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.mindflair.tech

Mindflair PLC is an investment company providing investors with access to a portfolio of next-generation technology businesses focused on AI with remarkable growth potential. The Company is building an investment portfolio of high-tech businesses across areas such as Artificial intelligence, the Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing demand for development in these sectors.

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