Rentokil Initial (Rentokil Initial) Interest Expense : $-239 Mil (TTM As of Dec. 2023)

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What is Rentokil Initial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rentokil Initial's interest expense for the six months ended in Dec. 2023 was $ -128 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-239 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. Rentokil Initial's Operating Income for the six months ended in Dec. 2023 was $ 508 Mil. Rentokil Initial's Interest Expense for the six months ended in Dec. 2023 was $ -128 Mil. Rentokil Initial's Interest Coverage for the quarter that ended in Dec. 2023 was 3.97. 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.

Rentokil Initial Interest Expense Historical Data

The historical data trend for Rentokil Initial'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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Rentokil Initial Interest Expense Chart

Rentokil Initial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.43

-53.76

-45.21

-93.79

-239.24

Rentokil Initial 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															-21.28	-24.63	-69.43	-111.11	-127.85

Rentokil Initial 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 $-239 Mil.

Rentokil Initial (NYSE:RTO) 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.

Rentokil Initial's Interest Expense for the six months ended in Dec. 2023 was $-128 Mil. Its Operating Income for the six months ended in Dec. 2023 was $508 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $4,394 Mil.

Rentokil Initial'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	*	507.595	/	-127.848
	=	3.97

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

Rentokil Initial (Rentokil Initial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rentokil Initial PLC (NYSE:RTO) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Manor Royal, Compass House, Crawley, West Sussex, GBR, RH10 9PY

Website

https://www.rentokil-initial.com

Rentokil Initial is a leading global provider of route-based pest-control and commercial hygiene services, operating in 83 countries. The group also offers a range of specialist route-based services including office and commercial space plant care, property care, and workwear rentals. The group has a diverse client base that includes global food producers, hotel chains, industrial goods businesses, restaurants, and individual residential customers.

Rentokil Initial (Rentokil Initial) Headlines

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