Optima Health (LSE:OPT) Interest Expense : £ Mil (TTM As of Mar. 2024)

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What is Optima Health Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Optima Health's interest expense for the six months ended in Mar. 2024 was £ -0.1 Mil. Optima Health does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. Optima Health's Operating Income for the six months ended in Mar. 2024 was £ 7.2 Mil. Optima Health's Interest Expense for the six months ended in Mar. 2024 was £ -0.1 Mil. Optima Health's Interest Coverage for the quarter that ended in Mar. 2024 was 53.69. 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.

Optima Health Interest Expense Historical Data

The historical data trend for Optima Health'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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Optima Health Interest Expense Chart

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-0.02

-0.13

-0.14

Optima Health Semi-Annual Data
	Mar22	Mar23	Mar24
Interest Expense	-0.02	-0.13	-0.14

Optima Health Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Optima Health (LSE:OPT) 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.

Optima Health's Interest Expense for the six months ended in Mar. 2024 was £-0.1 Mil. Its Operating Income for the six months ended in Mar. 2024 was £7.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £0.7 Mil.

Optima Health'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	*	7.248	/	-0.135
	=	53.69

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

Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (LSE:OPT) » Definitions » Interest Expense

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J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.