Venture Life Group (LSE:VLG) Interest Expense : £-2.18 Mil (TTM As of Dec. 2023)

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What is Venture Life Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Venture Life Group's interest expense for the six months ended in Dec. 2023 was £ -1.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-2.18 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. Venture Life Group's Operating Income for the six months ended in Dec. 2023 was £ 2.84 Mil. Venture Life Group's Interest Expense for the six months ended in Dec. 2023 was £ -1.35 Mil. Venture Life Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.11. 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.

Venture Life Group Interest Expense Historical Data

The historical data trend for Venture Life 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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Venture Life Group Interest Expense Chart

Venture Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.07

-0.33

-0.51

-1.52

-2.18

Venture Life Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.45	-0.27	-1.25	-0.84	-1.35

Venture Life 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 £-2.18 Mil.

Venture Life Group (LSE:VLG) 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.

Venture Life Group's Interest Expense for the six months ended in Dec. 2023 was £-1.35 Mil. Its Operating Income for the six months ended in Dec. 2023 was £2.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £4.05 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.839	/	-1.345
	=	2.11

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

Venture Life Group (LSE:VLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Venture Life Group PLC (LSE:VLG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Road, 12 The Courtyard, Bracknell, Berkshire, GBR, RG12 2XB

Website

https://www.venture-life.com

Venture Life Group PLC is an international consumer self-care company. The company focuses on the development and commercialization of healthcare products, including oral care products, food supplements, medical devices, and dermo-cosmetics for the aging population. The company operates in two segments: Venture Life Brands, which includes sales of branded healthcare and cosmetics products, and Customer Brands, which includes sales of products and services under contract development and manufacturing agreements. Its geographical segments include the United Kingdom, Italy, Switzerland, Germany, Netherlands, the Rest of Europe, China, and the Rest of the World.

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