Sureserve Group (LSE:SUR) Interest Expense : £-0.9 Mil (TTM As of Mar. 2023)

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What is Sureserve Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sureserve Group's interest expense for the six months ended in Mar. 2023 was £ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was £-0.9 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. Sureserve Group's Operating Income for the six months ended in Mar. 2023 was £ 6.5 Mil. Sureserve Group's Interest Expense for the six months ended in Mar. 2023 was £ -0.5 Mil. Sureserve Group's Interest Coverage for the quarter that ended in Mar. 2023 was 13.25. 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.

Sureserve Group Interest Expense Historical Data

The historical data trend for Sureserve 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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Sureserve Group Interest Expense Chart

Sureserve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Interest Expense

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-1.48

-1.05

-0.94

-0.89

-0.79

Sureserve Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.41	-0.48	-0.37	-0.42	-0.49

Sureserve 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.9 Mil.

Sureserve Group (LSE:SUR) 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.

Sureserve Group's Interest Expense for the six months ended in Mar. 2023 was £-0.5 Mil. Its Operating Income for the six months ended in Mar. 2023 was £6.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was £11.4 Mil.

Sureserve Group's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	6.531	/	-0.493
	=	13.25

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

Sureserve Group (LSE:SUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sureserve Group PLC (LSE:SUR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT

Website

https://www.sureservegroup.co.uk

Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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