Synectics (LSE:SNX) Interest Expense : £-0.10 Mil (TTM As of Nov. 2023)

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What is Synectics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synectics's interest expense for the six months ended in Nov. 2023 was £ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was £-0.10 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. Synectics's Operating Income for the six months ended in Nov. 2023 was £ 2.29 Mil. Synectics's Interest Expense for the six months ended in Nov. 2023 was £ -0.06 Mil. Synectics's Interest Coverage for the quarter that ended in Nov. 2023 was 41.67. 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.

Synectics Interest Expense Historical Data

The historical data trend for Synectics'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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Synectics Interest Expense Chart

Synectics Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-0.26

-0.10

-0.13

-0.10

Synectics Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.03	-0.10	-0.05	-0.06

Synectics 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.10 Mil.

Synectics (LSE:SNX) 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.

Synectics's Interest Expense for the six months ended in Nov. 2023 was £-0.06 Mil. Its Operating Income for the six months ended in Nov. 2023 was £2.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was £1.37 Mil.

Synectics's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	2.292	/	-0.055
	=	41.67

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

Synectics (LSE:SNX) Business Description

Industry

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Address

3-4 Broadfield Close, Synectics House, Sheffield, South Yorkshire, GBR, S8 0XN

Website

https://www.synecticsplc.com

Synectics PLC is a UK-based company, which operates in d security and surveillance systems. It business of the group is operated through Systems and Security segments. Its systems segment develops, integrates, and delivers resilient, flexible electronic surveillance solutions based on its proprietary hardware and software, and operates globally across all sectors. The Security segment focuses on the design, delivery, maintenance, and management of end-to-end security and surveillance systems for high-security & public space applications, and operates principally in the United Kingdom. Its operations are spread across UK and Europe, North America, the Middle East & Africa, and Asia Pacific.