Minoan Group (LSE:MIN) Interest Expense : £-0.33 Mil (TTM As of Apr. 2024)

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What is Minoan Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minoan Group's interest expense for the six months ended in Apr. 2024 was £ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was £-0.33 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. Minoan Group's Operating Income for the six months ended in Apr. 2024 was £ -0.36 Mil. Minoan Group's Interest Expense for the six months ended in Apr. 2024 was £ -0.24 Mil. Minoan Group did not have earnings to cover the interest expense. 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.

Minoan Group Interest Expense Historical Data

The historical data trend for Minoan 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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Minoan Group Interest Expense Chart

Minoan Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-1.01

-0.58

-0.19

-0.48

-0.15

Minoan Group Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Interest Expense	Get a 7-Day Free Trial															-0.28	-0.20	-0.07	-0.09	-0.24

Minoan 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.33 Mil.

Minoan Group (LSE:MIN) 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.

Minoan Group's Interest Expense for the six months ended in Apr. 2024 was £-0.24 Mil. Its Operating Income for the six months ended in Apr. 2024 was £-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Apr. 2024 was £0.00 Mil.

Minoan Group's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Minoan Group did not have earnings to cover the interest expense.

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

Minoan Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minoan Group PLC (LSE:MIN) » Definitions » Interest Expense

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Address

Dingwall Road, 3rd Floor, AMP House, Croydon, Surrey, GBR, CR0 2LX

Website

https://www.minoangroup.com

Minoan Group PLC is a holding and management company. Through its subsidiaries, it engages in the design, creation, development, and management of hotels and resorts, and in the operation of independent travel businesses, through which the company acts as an agent in providing a range of services, including transportation, hotel, and other accommodation and leisure services.