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One Media iP Group (LSE:OMIP) Interest Expense : £-0.14 Mil (TTM As of Oct. 2023)


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What is One Media iP Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. One Media iP Group's interest expense for the six months ended in Oct. 2023 was £ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was £-0.14 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. One Media iP Group's Operating Income for the six months ended in Oct. 2023 was £ 0.14 Mil. One Media iP Group's Interest Expense for the six months ended in Oct. 2023 was £ -0.07 Mil. One Media iP Group's Interest Coverage for the quarter that ended in Oct. 2023 was 1.93. 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.

One Media iP Group Interest Expense Historical Data

The historical data trend for One Media iP 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.

* Premium members only.

One Media iP Group Interest Expense Chart

One Media iP Group Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.22 -0.18 -0.38 -0.14

One Media iP Group Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 -0.09 -0.09 -0.29 -0.07 -0.07

One Media iP 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.14 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.

One Media iP Group  (LSE:OMIP) 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.

One Media iP Group's Interest Expense for the six months ended in Oct. 2023 was £-0.07 Mil. Its Operating Income for the six months ended in Oct. 2023 was £0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was £1.12 Mil.

One Media iP Group's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Oct. 2023 )/Interest Expense (Q: Oct. 2023 )
=-1*0.143/-0.074
=1.93

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. One Media iP Group PLC interest coverage is 1.82, which is low.

One Media iP Group (LSE:OMIP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » One Media iP Group PLC (LSE:OMIP) » Definitions » Interest Expense
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Traded in Other Exchanges
OMIP.GB:UK
Address
Goldfinger Avenue, Pinewood Road, Pinewood Studios, 623 East Props Building, Iver Heath, Buckinghamshire, GBR, SL0 0NH
Website
https://www.omip.co.uk
One Media iP Group PLC is a B2B and B2C digital content supplier. It acquires, exploits and repackages media intellectual property rights, nostalgic music and TV programs from recordings made over the last 90 years. The company operates an office at Pinewood studio and delivers digital music and video content via online digital stores such as iTunes, Spotify, Amazon, and YouTube. Geographical presence in North America, United Kingdom, Europe, and Rest of world. The group also licenses its music content for use in TV and film, advertising, video games, and corporate websites.

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