Williams Grand Prix Holdings (XTER:WGF1) Interest Expense : €-0.9 Mil (TTM As of Dec. 2019)

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What is Williams Grand Prix Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Williams Grand Prix Holdings's interest expense for the six months ended in Dec. 2019 was € -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was €-0.9 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. Williams Grand Prix Holdings's Operating Income for the six months ended in Dec. 2019 was € 5.0 Mil. Williams Grand Prix Holdings's Interest Expense for the six months ended in Dec. 2019 was € -0.5 Mil. Williams Grand Prix Holdings's Interest Coverage for the quarter that ended in Dec. 2019 was 9.34. 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.

Williams Grand Prix Holdings Interest Expense Historical Data

The historical data trend for Williams Grand Prix Holdings'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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Williams Grand Prix Holdings Interest Expense Chart

Williams Grand Prix Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-1.57

-1.11

-0.95

-0.83

-0.97

Williams Grand Prix Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Interest Expense	Get a 7-Day Free Trial															-0.50	-0.39	-0.44	-0.41	-0.53

Williams Grand Prix Holdings 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.9 Mil.

Williams Grand Prix Holdings (XTER:WGF1) 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.

Williams Grand Prix Holdings's Interest Expense for the six months ended in Dec. 2019 was €-0.5 Mil. Its Operating Income for the six months ended in Dec. 2019 was €5.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2019 was €8.3 Mil.

Williams Grand Prix Holdings's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	4.977	/	-0.533
	=	9.34

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

Williams Grand Prix Holdings (XTER:WGF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Williams Grand Prix Holdings PLC (XTER:WGF1) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grove, Wantage, Oxfordshire, GBR, OX12 0DQ

Website

https://www.williamsf1.com

Williams Grand Prix Holdings PLC is the United States-based holding company. Its operations include the design, manufacture, and entry of race cars for the Formula One World Championship. Its segments include Formula One and Other. It is involved in sponsorship, commercial rights, and engineering services. The major part of its revenue is derived from Formula One segment.

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