Made Tech Group (LSE:MTEC) Interest Expense : £-0.01 Mil (TTM As of Nov. 2023)

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What is Made Tech Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Made Tech Group's interest expense for the six months ended in Nov. 2023 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 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. Made Tech Group's Operating Income for the six months ended in Nov. 2023 was £ 0.10 Mil. Made Tech Group's Interest Expense for the six months ended in Nov. 2023 was £ 0.00 Mil. Made Tech Group 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.

Made Tech Group Interest Expense Historical Data

The historical data trend for Made Tech 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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Made Tech Group Interest Expense Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Interest Expense

-0.01

-0.03

-0.01

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial				-0.02	-0.01	-0.01	-0.01	-

Made Tech 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.01 Mil.

Made Tech Group (LSE:MTEC) 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.

Made Tech Group's Interest Expense for the six months ended in Nov. 2023 was £0.00 Mil. Its Operating Income for the six months ended in Nov. 2023 was £0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was £0.00 Mil.

Made Tech Group's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Made Tech Group 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. Made Tech Group PLC has enough cash to cover all of its debt. Its financial situation is stable.

Made Tech Group (LSE:MTEC) Business Description

Industry

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Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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