Tekmar Group (LSE:TGP) Interest Expense : £-0.90 Mil (TTM As of Mar. 2024)

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What is Tekmar Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tekmar Group's interest expense for the six months ended in Mar. 2024 was £ -0.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.90 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. Tekmar Group's Operating Income for the six months ended in Mar. 2024 was £ -0.01 Mil. Tekmar Group's Interest Expense for the six months ended in Mar. 2024 was £ -0.35 Mil. Tekmar Group 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.

Tekmar Group Interest Expense Historical Data

The historical data trend for Tekmar 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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Tekmar Group Interest Expense Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Interest Expense

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-4.14

-1.07

-0.17

-0.29

-0.64

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.15	-0.14	-0.09	-0.54	-0.35

Tekmar 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.90 Mil.

Tekmar Group (LSE:TGP) 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.

Tekmar Group's Interest Expense for the six months ended in Mar. 2024 was £-0.35 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £0.72 Mil.

Tekmar Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Tekmar Group did not have earnings to cover the interest expense.

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

Tekmar Group (LSE:TGP) Business Description

Industry

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

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6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.