Ondo InsurTech (LSE:ONDO) Interest Expense : £-0.63 Mil (TTM As of Mar. 2024)

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What is Ondo InsurTech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ondo InsurTech's interest expense for the six months ended in Mar. 2024 was £ -0.36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.63 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. Ondo InsurTech's Operating Income for the six months ended in Mar. 2024 was £ -1.60 Mil. Ondo InsurTech's Interest Expense for the six months ended in Mar. 2024 was £ -0.36 Mil. Ondo InsurTech 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.

Ondo InsurTech Interest Expense Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Interest Expense Chart

Ondo InsurTech Annual Data

Trend

Feb22

Mar24

Interest Expense

-0.63

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23	Mar24
Interest Expense	-	-	-	-0.27	-0.36

Ondo InsurTech 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 £-0.63 Mil.

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech's Interest Expense for the six months ended in Mar. 2024 was £-0.36 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-1.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £6.49 Mil.

Ondo InsurTech's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ondo InsurTech did not have earnings to cover the interest expense.

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

Ondo InsurTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Interest Expense

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1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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