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Rank Group (The) (LSE:RNK) Interest Expense : £-11.9 Mil (TTM As of Jun. 2023)


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What is Rank Group (The) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rank Group (The)'s interest expense for the six months ended in Jun. 2023 was £ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-11.9 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. Rank Group (The)'s Operating Income for the six months ended in Jun. 2023 was £ -13.2 Mil. Rank Group (The)'s Interest Expense for the six months ended in Jun. 2023 was £ -6.5 Mil. Rank Group (The) 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.

Rank Group (The) Interest Expense Historical Data

The historical data trend for Rank Group (The)'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.

Rank Group (The) Interest Expense Chart

Rank Group (The) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.00 -12.60 -11.80 -11.20 -11.90

Rank Group (The) Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -6.20 -5.60 -5.60 -5.40 -6.50

Rank Group (The) 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-11.9 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.

Rank Group (The)  (LSE:RNK) 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.

Rank Group (The)'s Interest Expense for the six months ended in Jun. 2023 was £-6.5 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-13.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £126.8 Mil.

Rank Group (The)'s Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Rank Group (The) did not have earnings to cover the interest expense.

* 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.

Rank Group (The) (LSE:RNK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rank Group (The) PLC (LSE:RNK) » Definitions » Interest Expense
Comparable Companies
LSE:888 LSE:GMR LSE:CMX LSE:B90 LSE:WEB LSE:PTEC LSE:FLTR OSTO:EVO DKNG ASX:ALL CHDN LNW XPAR:FDJ ASX:TLC ATH:OPAP LSE:ENT IGT MIL:LTMC OSTO:KIND SDB TSE:6417
Traded in Other Exchanges
RANKF:USA RNKl:UK RNKA:Germany
Address
TOR, Saint-Cloud Way, Maidenhead, GBR, SL6 8BN
Website
https://www.rank.com
Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Central Costs. Its largest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca is a multichannel bingo chain that also operates in the U.K. Enracha is the company's gaming business, which operates in the Spanish market. Rank's digital business segment offers online sports betting and online poker. The company generates most of its revenue in the United Kingdom.

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