Vertu Motors (STU:V2N) Interest Expense : €-27 Mil (TTM As of Feb. 2024)

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What is Vertu Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertu Motors's interest expense for the six months ended in Feb. 2024 was € -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was €-27 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. Vertu Motors's Operating Income for the six months ended in Feb. 2024 was € 17 Mil. Vertu Motors's Interest Expense for the six months ended in Feb. 2024 was € -14 Mil. Vertu Motors's Interest Coverage for the quarter that ended in Feb. 2024 was 1.22. 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.

Vertu Motors Interest Expense Historical Data

The historical data trend for Vertu Motors'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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Vertu Motors Interest Expense Chart

Vertu Motors Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-11.36

-10.79

-8.50

-12.23

-26.60

Vertu Motors Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-4.08	-4.22	-8.21	-12.44	-14.11

Vertu Motors 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-27 Mil.

Vertu Motors (STU:V2N) 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.

Vertu Motors's Interest Expense for the six months ended in Feb. 2024 was €-14 Mil. Its Operating Income for the six months ended in Feb. 2024 was €17 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was €217 Mil.

Vertu Motors's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	17.208	/	-14.111
	=	1.22

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

Vertu Motors (STU:V2N) Business Description

Industry

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Address

Vertu House, 5th Avenue Business Park, Team Valley, Gateshead, Tyne and Wear, GBR, NE11 0XA

Website

https://www.vertumotors.com

Vertu Motors PLC is an automotive retailer in the United Kingdom. The business activity of the group includes selling new cars, motorcycles, commercial vehicles, and used vehicles, together with after-sale services. It operates through various franchise dealerships, such as Volkswagen, Land Rover, Audi, Mercedes-Benz, Jaguar, Kia, Toyota, and many others. The company generates maximum revenue from Used cars.

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