Zigup (LSE:ZIG) Interest Expense : £-32 Mil (TTM As of Apr. 2024)

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What is Zigup Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zigup's interest expense for the six months ended in Apr. 2024 was £ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was £-32 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. Zigup's Operating Income for the six months ended in Apr. 2024 was £ 87 Mil. Zigup's Interest Expense for the six months ended in Apr. 2024 was £ -16 Mil. Zigup's Interest Coverage for the quarter that ended in Apr. 2024 was 5.58. 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.

Zigup Interest Expense Historical Data

The historical data trend for Zigup'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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Zigup Interest Expense Chart

Zigup Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Interest Expense

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-15.16

-15.09

-14.66

-21.33

-31.70

Zigup Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Interest Expense	Get a 7-Day Free Trial															-6.29	-9.68	-11.65	-16.09	-15.61

Zigup 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-32 Mil.

Zigup (LSE:ZIG) 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.

Zigup's Interest Expense for the six months ended in Apr. 2024 was £-16 Mil. Its Operating Income for the six months ended in Apr. 2024 was £87 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Apr. 2024 was £673 Mil.

Zigup's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	87.115	/	-15.608
	=	5.58

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

Zigup Business Description

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ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.