Velocity Composites (LSE:VEL) Interest Expense : £-0.41 Mil (TTM As of Oct. 2024)

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What is Velocity Composites Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velocity Composites's interest expense for the six months ended in Oct. 2024 was £ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was £-0.41 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. Velocity Composites's Operating Income for the six months ended in Oct. 2024 was £ -0.07 Mil. Velocity Composites's Interest Expense for the six months ended in Oct. 2024 was £ -0.19 Mil. Velocity Composites 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.

Velocity Composites Interest Expense Historical Data

The historical data trend for Velocity Composites'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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Velocity Composites Interest Expense Chart

Velocity Composites Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Interest Expense

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-0.11

-0.18

-0.19

-0.33

-0.41

Velocity Composites Semi-Annual Data
	Oct14	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Interest Expense	Get a 7-Day Free Trial														-0.10	-0.15	-0.17	-0.22	-0.19

Velocity Composites 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 Oct. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.41 Mil.

Velocity Composites (LSE:VEL) 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.

Velocity Composites's Interest Expense for the six months ended in Oct. 2024 was £-0.19 Mil. Its Operating Income for the six months ended in Oct. 2024 was £-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2024 was £1.73 Mil.

Velocity Composites's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Velocity Composites did not have earnings to cover the interest expense.

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

Velocity Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Velocity Composites PLC (LSE:VEL) » Definitions » Interest Expense

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Address

Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB

Website

https://www.velocity-composites.com

Velocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.