Vianet Group (LSE:VNET) Interest Expense : £-0.22 Mil (TTM As of Sep. 2023)

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What is Vianet Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vianet Group's interest expense for the six months ended in Sep. 2023 was £ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.22 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. Vianet Group's Operating Income for the six months ended in Sep. 2023 was £ 0.24 Mil. Vianet Group's Interest Expense for the six months ended in Sep. 2023 was £ -0.08 Mil. Vianet Group's Interest Coverage for the quarter that ended in Sep. 2023 was 3.09. 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.

Vianet Group Interest Expense Historical Data

The historical data trend for Vianet 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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Vianet Group Interest Expense Chart

Vianet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.12

-0.13

-0.05

-0.14

-0.24

Vianet Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.08	-0.06	-0.14	-0.08

Vianet 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.22 Mil.

Vianet Group (LSE:VNET) 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.

Vianet Group's Interest Expense for the six months ended in Sep. 2023 was £-0.08 Mil. Its Operating Income for the six months ended in Sep. 2023 was £0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £3.33 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.235	/	-0.076
	=	3.09

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

Vianet Group (LSE:VNET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vianet Group PLC (LSE:VNET) » Definitions » Interest Expense

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Address

One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR

Website

http://www.vianetplc.com

Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines and Smart Zones. It generates maximum revenue from the Smart Zones segment. Geographically, it derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.