ME Group International (ME Group International) Interest Expense : $-3.0 Mil (TTM As of Oct. 2023)

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What is ME Group International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ME Group International's interest expense for the six months ended in Oct. 2023 was $ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was $-3.0 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. ME Group International's Operating Income for the six months ended in Oct. 2023 was $ 52.4 Mil. ME Group International's Interest Expense for the six months ended in Oct. 2023 was $ -1.7 Mil. ME Group International's Interest Coverage for the quarter that ended in Oct. 2023 was 31.46. 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.

ME Group International Interest Expense Historical Data

The historical data trend for ME Group International'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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ME Group International Interest Expense Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Interest Expense

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-0.42

-0.69

-4.03

-2.44

-2.95

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial															-2.06	-1.46	-1.16	-1.31	-1.67

ME Group International 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.0 Mil.

ME Group International (OTCPK:POMOF) 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.

ME Group International's Interest Expense for the six months ended in Oct. 2023 was $-1.7 Mil. Its Operating Income for the six months ended in Oct. 2023 was $52.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was $71.2 Mil.

ME Group International's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	52.436	/	-1.667
	=	31.46

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

ME Group International (ME Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (OTCPK:POMOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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