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HSS Hire Group (STU:HG3) Interest Expense : €-12.7 Mil (TTM As of Jun. 2024)


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What is HSS Hire Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HSS Hire Group's interest expense for the six months ended in Jun. 2024 was € -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-12.7 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. HSS Hire Group's Operating Income for the six months ended in Jun. 2024 was € 8.2 Mil. HSS Hire Group's Interest Expense for the six months ended in Jun. 2024 was € -6.1 Mil. HSS Hire Group's Interest Coverage for the quarter that ended in Jun. 2024 was 1.35. 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.

HSS Hire Group Interest Expense Historical Data

The historical data trend for HSS Hire 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.

HSS Hire Group Interest Expense Chart

HSS Hire Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.54 -24.94 -19.81 -8.46 -12.33

HSS Hire Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -2.52 -5.97 -5.70 -6.65 -6.07

HSS Hire 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-12.7 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.

HSS Hire Group  (STU:HG3) 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.

HSS Hire Group's Interest Expense for the six months ended in Jun. 2024 was €-6.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was €8.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €126.8 Mil.

HSS Hire Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*8.178/-6.073
=1.35

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. HSS Hire Group PLC interest coverage is 1.85, which is low.

HSS Hire Group Business Description

Industry
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Traded in Other Exchanges
HSS:UK
Address
Mosley Road, Building 2, Think Park, Manchester, GBR, M17 1FQ76
Website
https://www.hsshiregroup.com
HSS Hire Group PLC operates in the United Kingdom based rental and leasing industry and is a leader in the equipment hire market. The company's business focuses on supplying equipment and services to the fit-out, maintain and operate sectors of the market. The company operates in two main segments it includes Service and Operations. The Service Segment runs a digital marketplace connecting customers and suppliers, boasting scalability, tech-driven operations, and specialized training services. On the other hand, the Operations Segment manages fulfillment and power generation, with a strong emphasis on health, safety, and quality standards.

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