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Ocado Group (STU:0OC) Interest Expense : €-111 Mil (TTM As of Nov. 2023)


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What is Ocado Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocado Group's interest expense for the six months ended in Nov. 2023 was € -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was €-111 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. Ocado Group's Operating Income for the six months ended in Nov. 2023 was € -388 Mil. Ocado Group's Interest Expense for the six months ended in Nov. 2023 was € -57 Mil. Ocado Group did not have earnings to cover the interest expense. 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.

Ocado Group Interest Expense Historical Data

The historical data trend for Ocado 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.

* Premium members only.

Ocado Group Interest Expense Chart

Ocado Group Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.69 -36.04 -62.39 -84.42 -103.51

Ocado Group Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -47.99 -51.18 -53.48 -53.98 -57.12

Ocado 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-111 Mil.

* 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.

Ocado Group  (STU:0OC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ocado Group's Interest Expense for the six months ended in Nov. 2023 was €-57 Mil. Its Operating Income for the six months ended in Nov. 2023 was €-388 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was €2,189 Mil.

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

Ocado Group did not have earnings to cover the interest expense.

* 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.

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

Ocado Group (STU:0OC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (STU:0OC) » Definitions » Interest Expense
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Traded in Other Exchanges
OCDGF:USA OCDDY:USA OCDO:Mexico OCDOl:UK OCDO:UK 0OC:Germany
Address
Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL
Website
https://www.ocadogroup.com
Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom (joint venture with Marks & Spencer); it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfilment and delivery solution that involves the provision of software, fulfilment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

Ocado Group (STU:0OC) Headlines

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