SRT Marine Systems (LSE:SRT) Interest Expense : £-0.86 Mil (TTM As of Sep. 2023)

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What is SRT Marine Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SRT Marine Systems's interest expense for the six months ended in Sep. 2023 was £ -0.41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.86 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. SRT Marine Systems's Operating Income for the six months ended in Sep. 2023 was £ -4.21 Mil. SRT Marine Systems's Interest Expense for the six months ended in Sep. 2023 was £ -0.41 Mil. SRT Marine Systems 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.

SRT Marine Systems Interest Expense Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Interest Expense Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.28

-0.47

-0.57

-0.62

-0.78

SRT Marine Systems 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															-0.29	-0.32	-0.34	-0.44	-0.41

SRT Marine Systems 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 £-0.86 Mil.

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems's Interest Expense for the six months ended in Sep. 2023 was £-0.41 Mil. Its Operating Income for the six months ended in Sep. 2023 was £-4.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £0.64 Mil.

SRT Marine Systems's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

SRT Marine Systems did not have earnings to cover the interest expense.

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

SRT Marine Systems (LSE:SRT) Business Description

Industry

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6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.