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Enteq Technologies (LSE:NTQ) Interest Expense : £-0.06 Mil (TTM As of Sep. 2024)


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What is Enteq Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enteq Technologies's interest expense for the six months ended in Sep. 2024 was £ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was £-0.06 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. Enteq Technologies's Operating Income for the six months ended in Sep. 2024 was £ -0.72 Mil. Enteq Technologies's Interest Expense for the six months ended in Sep. 2024 was £ -0.04 Mil. Enteq Technologies 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.


Enteq Technologies Interest Expense Historical Data

The historical data trend for Enteq Technologies'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.

* Premium members only.

Enteq Technologies Interest Expense Chart

Enteq Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -0.02

Enteq Technologies Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -0.02 -0.04

Enteq Technologies 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.06 Mil.

* 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.


Enteq Technologies  (LSE:NTQ) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Enteq Technologies's Interest Expense for the six months ended in Sep. 2024 was £-0.04 Mil. Its Operating Income for the six months ended in Sep. 2024 was £-0.72 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was £0.12 Mil.

Enteq Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Enteq Technologies did not have earnings to cover the interest expense.

* 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.

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


Enteq Technologies Business Description

Traded in Other Exchanges
Address
High Street Ascot, The Courtyard, Berkshire, GBR, SL5 7HP
Enteq Technologies PLC is engaged in providing energy technologies for directional drilling and geo-steering. It develops technologies for measurement, logging, and geo-steering while drilling wells for oil, gas, and geothermal markets. The company products include Downhole Connectivity Systems and the SABER Tool - Rotary Steerable System. It has a single business segment, the Drilling Tools division.

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