Compass Group (LSE:CPG) Interest Expense : £-193 Mil (TTM As of Sep. 2023)

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What is Compass Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Compass Group's interest expense for the six months ended in Sep. 2023 was £ -104 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-193 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. Compass Group's Operating Income for the six months ended in Sep. 2023 was £ 1,250 Mil. Compass Group's Interest Expense for the six months ended in Sep. 2023 was £ -104 Mil. Compass Group's Interest Coverage for the quarter that ended in Sep. 2023 was 12.02. 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.

Compass Group Interest Expense Historical Data

The historical data trend for Compass 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.

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Compass Group Interest Expense Chart

Compass Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-122.00

-144.00

-120.00

-123.00

-193.00

Compass Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-60.00	-41.00	-82.00	-89.00	-104.00

Compass 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-193 Mil.

Compass Group (LSE:CPG) 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.

Compass Group's Interest Expense for the six months ended in Sep. 2023 was £-104 Mil. Its Operating Income for the six months ended in Sep. 2023 was £1,250 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £3,034 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1250	/	-104
	=	12.02

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

Compass Group (LSE:CPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Compass Group PLC (LSE:CPG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CMPGY:USA CMPGF:USA CPG:Mexico CPGl:UK XGR2:Germany

Address

Guildford Street, Compass House, Chertsey, Surrey, GBR, KT16 9BQ

Website

https://www.compass-group.com

Compass Group is the largest food-service company globally, operating in more than 50 countries with annual sales of more than GBP 25 billion. Compass Group's model stems from operating on-premises catering facilities, rather than centralised industrial kitchens. Food service is Compass' core focus and contributes more than 80% of revenue. In addition, the company provides support services to clients through activities including cleaning services, office services (for example, concierge services), grounds maintenance, and so on.