Tribe Technology (LSE:TRYB) Interest Expense : £-0.25 Mil (TTM As of Dec. 2023)

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What is Tribe Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tribe Technology's interest expense for the six months ended in Dec. 2023 was £ -0.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.25 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. Tribe Technology's Operating Income for the six months ended in Dec. 2023 was £ -2.66 Mil. Tribe Technology's Interest Expense for the six months ended in Dec. 2023 was £ -0.15 Mil. Tribe Technology 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.

Tribe Technology Interest Expense Historical Data

The historical data trend for Tribe Technology'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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Tribe Technology Interest Expense Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Interest Expense

-0.02

-0.11

-0.18

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.04	-0.06	-0.09	-0.10	-0.15

Tribe Technology 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 £-0.25 Mil.

Tribe Technology (LSE:TRYB) 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.

Tribe Technology's Interest Expense for the six months ended in Dec. 2023 was £-0.15 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-2.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £2.99 Mil.

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

Tribe Technology did not have earnings to cover the interest expense.

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

Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

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