CT Automotive Group (LSE:CTA) Interest Expense : £-2.0 Mil (TTM As of Dec. 2023)

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What is CT Automotive Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CT Automotive Group's interest expense for the six months ended in Dec. 2023 was £ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-2.0 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. CT Automotive Group's Operating Income for the six months ended in Dec. 2023 was £ 4.8 Mil. CT Automotive Group's Interest Expense for the six months ended in Dec. 2023 was £ -1.1 Mil. CT Automotive Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.31. 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.

CT Automotive Group Interest Expense Historical Data

The historical data trend for CT Automotive 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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CT Automotive Group Interest Expense Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.35

-2.96

-3.31

-1.64

-2.00

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-1.53	-0.67	-0.96	-0.90	-1.10

CT Automotive 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.0 Mil.

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group's Interest Expense for the six months ended in Dec. 2023 was £-1.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was £4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £4.3 Mil.

CT Automotive Group'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	*	4.763	/	-1.104
	=	4.31

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

CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Interest Expense

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X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.