Marks & Spencer Group (LSE:MKS) Interest Expense : £-174 Mil (TTM As of Mar. 2024)

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What is Marks & Spencer Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marks & Spencer Group's interest expense for the six months ended in Mar. 2024 was £ -87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-174 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. Marks & Spencer Group's Operating Income for the six months ended in Mar. 2024 was £ 399 Mil. Marks & Spencer Group's Interest Expense for the six months ended in Mar. 2024 was £ -87 Mil. Marks & Spencer Group's Interest Coverage for the quarter that ended in Mar. 2024 was 4.61. 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.

Marks & Spencer Group Interest Expense Historical Data

The historical data trend for Marks & Spencer 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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Marks & Spencer Group Interest Expense Chart

Marks & Spencer Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-234.50

-235.50

-213.60

-199.10

-173.90

Marks & Spencer Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-103.60	-98.40	-100.70	-87.30	-86.60

Marks & Spencer 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-174 Mil.

Marks & Spencer Group (LSE:MKS) 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.

Marks & Spencer Group's Interest Expense for the six months ended in Mar. 2024 was £-87 Mil. Its Operating Income for the six months ended in Mar. 2024 was £399 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £2,883 Mil.

Marks & Spencer Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	399.2	/	-86.6
	=	4.61

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

Marks & Spencer Group (LSE:MKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks & Spencer Group PLC (LSE:MKS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAKSY:USA MAKSF:USA MKSl:UK MA6:Germany

Address

35 North Wharf Road, Waterside House, London, GBR, W2 1NW

Website

https://www.marksandspencer.com

M&S is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The company sells into more than 60 countries from thousands of stores and several websites around the world and offers predominantly own-brand luxury food, clothing, and home products with the majority of sales coming from its U.K. operations. Marks & Spencer operates three business models—owned, franchise, and joint venture—in the U.K. and internationally. The online business globally is delivered through localized owned and franchised websites and partnerships. The food segment includes value products, convenient ready-made meals, and healthy items. The clothing and home division sells own-brand and high-quality womenswear, lingerie, menswear, kidswear, beauty, and home products.