Barratt Developments (FRA:3BA) Interest Expense : €-49 Mil (TTM As of Dec. 2023)

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What is Barratt Developments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Barratt Developments's interest expense for the six months ended in Dec. 2023 was € -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-49 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. Barratt Developments's Operating Income for the six months ended in Dec. 2023 was € 114 Mil. Barratt Developments's Interest Expense for the six months ended in Dec. 2023 was € -30 Mil. Barratt Developments's Interest Coverage for the quarter that ended in Dec. 2023 was 3.81. 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.

Barratt Developments Interest Expense Historical Data

The historical data trend for Barratt Developments'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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Barratt Developments Interest Expense Chart

Barratt Developments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-37.13

-36.34

-30.27

-30.41

-38.46

Barratt Developments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-16.95	-13.63	-19.09	-19.11	-29.83

Barratt Developments 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-49 Mil.

Barratt Developments (FRA:3BA) 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.

Barratt Developments's Interest Expense for the six months ended in Dec. 2023 was €-30 Mil. Its Operating Income for the six months ended in Dec. 2023 was €114 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €268 Mil.

Barratt Developments's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	113.522	/	-29.832
	=	3.81

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

Barratt Developments (FRA:3BA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Barratt Developments PLC (FRA:3BA) » Definitions » Interest Expense

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Traded in Other Exchanges

BTDPY:USA BTDPF:USA BDEVl:UK BDEV:UK

Address

1st Floor, Kent House, 14 - 17 Market Place, London, GBR, W1W 8AJ

Website

https://www.barrattdevelopments.co.uk

Barratt Developments is the U.K.'s largest residential property developer by revenue and dwelling completions, marketing homes under its three brands Barratt Homes, David Wilson Homes, and Barratt London. Aligning with the typical business model employed by U.K. homebuilders, Barratt is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain.

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