Synthomer (LSE:SYNT) Interest Expense : £-73 Mil (TTM As of Jun. 2024)

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What is Synthomer Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synthomer's interest expense for the six months ended in Jun. 2024 was £ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-73 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. Synthomer's Operating Income for the six months ended in Jun. 2024 was £ -2 Mil. Synthomer's Interest Expense for the six months ended in Jun. 2024 was £ -36 Mil. Synthomer 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.

Synthomer Interest Expense Historical Data

The historical data trend for Synthomer'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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Synthomer Interest Expense Chart

Synthomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.50

-30.80

-31.40

-47.40

-75.10

Synthomer Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-17.60	-29.80	-37.60	-37.50	-35.70

Synthomer 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-73 Mil.

Synthomer (LSE:SYNT) 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.

Synthomer's Interest Expense for the six months ended in Jun. 2024 was £-36 Mil. Its Operating Income for the six months ended in Jun. 2024 was £-2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £870 Mil.

Synthomer's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Synthomer did not have earnings to cover the interest expense.

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

Synthomer Business Description

Industry

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SYNTl:UK

Address

45 Pall Mall, London, GBR, SW1Y 5JG

Website

https://www.synthomer.com

Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's markets and products include Adhesives, Coatings, Construction, Health & Protection, Energy Solutions, Performance Materials and Paper, Carpet & Foam. The company organizes itself into segments: Coatings & Construction Solutions, Adhesive Solutions, Health & Protection and Performance Materials, and corporate. A vast majority of the company's revenue is generated from Coatings & Construction Solutions.