Watkin Jones (LSE:WJG) Interest Expense : £-2.8 Mil (TTM As of Mar. 2024)

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What is Watkin Jones Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Watkin Jones's interest expense for the six months ended in Mar. 2024 was £ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-2.8 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. Watkin Jones's Operating Income for the six months ended in Mar. 2024 was £ 4.0 Mil. Watkin Jones's Interest Expense for the six months ended in Mar. 2024 was £ -1.2 Mil. Watkin Jones's Interest Coverage for the quarter that ended in Mar. 2024 was 3.32. 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.

Watkin Jones Interest Expense Historical Data

The historical data trend for Watkin Jones'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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Watkin Jones Interest Expense Chart

Watkin Jones Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-5.21

-5.10

-4.93

-4.48

-3.24

Watkin Jones Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.24	-1.24	-1.67	-1.57	-1.21

Watkin Jones 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.8 Mil.

Watkin Jones (LSE:WJG) 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.

Watkin Jones's Interest Expense for the six months ended in Mar. 2024 was £-1.2 Mil. Its Operating Income for the six months ended in Mar. 2024 was £4.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £61.5 Mil.

Watkin Jones's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.003	/	-1.207
	=	3.32

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

Watkin Jones (LSE:WJG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Watkin Jones PLC (LSE:WJG) » Definitions » Interest Expense

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0W0:Germany

Address

7-9 Swallow Street, London, GBR, W1B 4DE

Website

https://www.watkinjonesplc.com

Watkin Jones PLC is a developer and constructor of multi-occupancy property assets, with a focus on the student accommodation sector. Its service includes site identification and procurement, planning consent, construction delivery, and asset management. The company's operating segments include Student accommodation, Build to Rent, Affordable Homes, and Accommodation management. The majority of its revenue is derived from the Student accommodation and build-to-rent segments.

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