Team17 Group (LSE:TM17) Interest Expense : £-1.3 Mil (TTM As of Dec. 2023)

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What is Team17 Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Team17 Group's interest expense for the six months ended in Dec. 2023 was £ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-1.3 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. Team17 Group's Operating Income for the six months ended in Dec. 2023 was £ -8.5 Mil. Team17 Group's Interest Expense for the six months ended in Dec. 2023 was £ -0.8 Mil. Team17 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.

Team17 Group Interest Expense Historical Data

The historical data trend for Team17 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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Team17 Group Interest Expense Chart

Team17 Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.02

-0.04

-0.14

-2.47

-1.26

Team17 Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial										-0.12	-1.00	-1.47	-0.46	-0.80

Team17 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.3 Mil.

Team17 Group (LSE:TM17) 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.

Team17 Group's Interest Expense for the six months ended in Dec. 2023 was £-0.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-8.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £2.9 Mil.

Team17 Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Team17 Group did not have earnings to cover the interest expense.

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

Team17 Group (LSE:TM17) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Team17 Group PLC (LSE:TM17) » Definitions » Interest Expense

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2EC:Germany

Address

Paragon Business Park, 3 Red Hall Avenue, Wakefield, West Yorkshire, GBR, WF1 2UL

Website

https://www.team17.com

Team17 Group PLC is a video game label and creative partner for independent developers. The company supports both owned first party IP and third-party IP-through partnering with indie developers globally. The company focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. The company has three reportable segments such as Games Label, Simulation and Edutainment. Games label segment is involved in Developing and publishing video games for the digital and physical market, Simulation segment works on Developing and publishing simulation games for the digital and physical market.

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