Polar Capital Holdings (LSE:POLR) Interest Expense : £-0.3 Mil (TTM As of Sep. 2023)

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What is Polar Capital Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polar Capital Holdings's interest expense for the six months ended in Sep. 2023 was £ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.3 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. Polar Capital Holdings's Operating Income for the six months ended in Sep. 2023 was £ 21.4 Mil. Polar Capital Holdings's Interest Expense for the six months ended in Sep. 2023 was £ -0.1 Mil. Polar Capital Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 198.48. 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.

Polar Capital Holdings Interest Expense Historical Data

The historical data trend for Polar Capital Holdings'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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Polar Capital Holdings Interest Expense Chart

Polar Capital Holdings Annual Data

Trend

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Mar23

Interest Expense

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-0.18

Polar Capital Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.18	-0.11

Polar Capital Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.3 Mil.

Polar Capital Holdings (LSE:POLR) 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.

Polar Capital Holdings's Interest Expense for the six months ended in Sep. 2023 was £-0.1 Mil. Its Operating Income for the six months ended in Sep. 2023 was £21.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £0.0 Mil.

Polar Capital Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	21.436	/	-0.108
	=	198.48

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. Polar Capital Holdings PLC has enough cash to cover all of its debt. Its financial situation is stable.

Polar Capital Holdings (LSE:POLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Holdings PLC (LSE:POLR) » Definitions » Interest Expense

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Traded in Other Exchanges

POLR.GB:UK XZF:Germany

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapital.co.uk

Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

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