Ultimate Products (LSE:ULTP) Interest Expense : £-1.1 Mil (TTM As of Jan. 2024)

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What is Ultimate Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ultimate Products's interest expense for the six months ended in Jan. 2024 was £ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was £-1.1 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. Ultimate Products's Operating Income for the six months ended in Jan. 2024 was £ 10.1 Mil. Ultimate Products's Interest Expense for the six months ended in Jan. 2024 was £ -0.6 Mil. Ultimate Products's Interest Coverage for the quarter that ended in Jan. 2024 was 17.18. 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.

Ultimate Products Interest Expense Historical Data

The historical data trend for Ultimate Products'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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Ultimate Products Interest Expense Chart

Ultimate Products Annual Data

Trend

Apr14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-0.78

-0.53

-0.85

-1.25

Ultimate Products Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial										-0.37	-0.49	-0.78	-0.47	-0.59

Ultimate Products 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.1 Mil.

Ultimate Products (LSE:ULTP) 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.

Ultimate Products's Interest Expense for the six months ended in Jan. 2024 was £-0.6 Mil. Its Operating Income for the six months ended in Jan. 2024 was £10.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was £3.9 Mil.

Ultimate Products's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	10.085	/	-0.587
	=	17.18

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

Ultimate Products (LSE:ULTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ultimate Products PLC (LSE:ULTP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ULTPl:UK 3DJ:Germany

Address

Victoria Street, Manor Mill, Chadderton, Oldham, Manchester, GBR, OL9 0DD

Website

https://www.upplc.com

Ultimate Products PLC design, develop and distribute homeware products across its key brands, including household names Salter and Beldray. It has Products divisons such as Cookshop, Audio, Laundry, Electrical SDA, Tabletop, Luggage, Heating and Cooling. The company operates in United Kingdom, Europe and the rest of the world.

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