Cairn Homes (LSE:CRN) Interest Expense : £-11.6 Mil (TTM As of Dec. 2023)

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What is Cairn Homes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cairn Homes's interest expense for the six months ended in Dec. 2023 was £ -7.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-11.6 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. Cairn Homes's Operating Income for the six months ended in Dec. 2023 was £ 72.2 Mil. Cairn Homes's Interest Expense for the six months ended in Dec. 2023 was £ -7.5 Mil. Cairn Homes's Interest Coverage for the quarter that ended in Dec. 2023 was 9.66. 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.

Cairn Homes Interest Expense Historical Data

The historical data trend for Cairn Homes'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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Cairn Homes Interest Expense Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.86

-8.24

-5.69

-7.65

-11.66

Cairn Homes Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial												-2.83	-3.40	-4.20	-4.18	-7.47

Cairn Homes 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 £-11.6 Mil.

Cairn Homes (LSE:CRN) 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.

Cairn Homes's Interest Expense for the six months ended in Dec. 2023 was £-7.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was £72.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £141.6 Mil.

Cairn Homes'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	*	72.155	/	-7.47
	=	9.66

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

Cairn Homes (LSE:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » Interest Expense

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Traded in Other Exchanges

C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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