REACT Group (LSE:REAT) Interest Expense : £-0.21 Mil (TTM As of Mar. 2024)

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What is REACT Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. REACT Group's interest expense for the six months ended in Mar. 2024 was £ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.21 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. REACT Group's Operating Income for the six months ended in Mar. 2024 was £ 0.31 Mil. REACT Group's Interest Expense for the six months ended in Mar. 2024 was £ -0.08 Mil. REACT Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.95. 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.

REACT Group Interest Expense Historical Data

The historical data trend for REACT 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.

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REACT Group Interest Expense Chart

REACT Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.02

-0.06

-0.20

REACT Group Semi-Annual Data
	Mar14	Sep14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-0.05	-0.07	-0.13	-0.08

REACT 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.21 Mil.

REACT Group (LSE:REAT) 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.

REACT Group's Interest Expense for the six months ended in Mar. 2024 was £-0.08 Mil. Its Operating Income for the six months ended in Mar. 2024 was £0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £0.61 Mil.

REACT Group'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	*	0.308	/	-0.078
	=	3.95

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

REACT Group (LSE:REAT) Business Description

Industry

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Address

Holly House, Shady Lane, Birmingham, GBR, B44 9ER

Website

https://www.reactplc.co.uk

REACT Group PLC is engaged in providing cleaning, decontamination, and hygiene sector, including both contracted commercial cleaning and specialist emergency decontamination work. Its objective is to maintain and/or rapidly return its customers' property to safe, clean, operational use and do this through regular specialist cleaning and/or emergency response to potentially harmful incidents. The business operates through three divisions; commercial windows & cladding, hygiene & maintenance, and, emergency & decontamination. It has three operating segments; Contract Maintenance, Contract Reactive, and Ad Hoc work, out of which a majority of the revenue is generated from the contract maintenance segment.

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