Springfield Properties (LSE:SPR) Interest Expense : £-6.8 Mil (TTM As of Nov. 2023)

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What is Springfield Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Springfield Properties's interest expense for the six months ended in Nov. 2023 was £ -3.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was £-6.8 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. Springfield Properties's Operating Income for the six months ended in Nov. 2023 was £ 5.6 Mil. Springfield Properties's Interest Expense for the six months ended in Nov. 2023 was £ -3.7 Mil. Springfield Properties's Interest Coverage for the quarter that ended in Nov. 2023 was 1.53. 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.

Springfield Properties Interest Expense Historical Data

The historical data trend for Springfield Properties'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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Springfield Properties Interest Expense Chart

Springfield Properties Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-1.51

-2.27

-1.61

-1.89

-4.81

Springfield Properties Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial												-0.51	-1.38	-1.70	-3.11	-3.67

Springfield Properties 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 £-6.8 Mil.

Springfield Properties (LSE:SPR) 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.

Springfield Properties's Interest Expense for the six months ended in Nov. 2023 was £-3.7 Mil. Its Operating Income for the six months ended in Nov. 2023 was £5.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was £103.2 Mil.

Springfield Properties'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	*	5.624	/	-3.665
	=	1.53

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

Springfield Properties (LSE:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springfield Properties PLC (LSE:SPR) » Definitions » Interest Expense

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Traded in Other Exchanges

9MZ:Germany

Address

8 Southfield Drive, Alexander Fleming House, Elgin, Morayshire, GBR, IV30 6GR

Website

https://www.thespringfieldgroup.co.uk

Springfield Properties PLC is a housebuilder focused on developing a mix of private and affordable housing in Scotland. The group primarily focuses on sourcing land for private housing in areas with high growth potential and progressing those developments through the planning process. It has one segment that is Housing building activity in the United Kingdom. It earns revenue from private residential properties, affordable housing, contact housing and others.