Gamma Communications (LSE:GAMA) Interest Expense : £-0.9 Mil (TTM As of Dec. 2023)

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What is Gamma Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gamma Communications's interest expense for the six months ended in Dec. 2023 was £ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Gamma Communications's Operating Income for the six months ended in Dec. 2023 was £ 24.8 Mil. Gamma Communications's Interest Expense for the six months ended in Dec. 2023 was £ -0.5 Mil. Gamma Communications's Interest Coverage for the quarter that ended in Dec. 2023 was 49.60. 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.

Gamma Communications Interest Expense Historical Data

The historical data trend for Gamma Communications'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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Gamma Communications Interest Expense Chart

Gamma Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.40

-0.80

-0.70

-0.50

-0.90

Gamma Communications 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															-0.20	-0.50	-	-0.40	-0.50

Gamma Communications 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 £-0.9 Mil.

Gamma Communications (LSE:GAMA) 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.

Gamma Communications's Interest Expense for the six months ended in Dec. 2023 was £-0.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was £24.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £8.4 Mil.

Gamma Communications'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	*	24.8	/	-0.5
	=	49.60

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gamma Communications PLC has enough cash to cover all of its debt. Its financial situation is stable.

Gamma Communications (LSE:GAMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gamma Communications PLC (LSE:GAMA) » Definitions » Interest Expense

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6GC:Germany

Address

Kings Road West, Kings House, Newbury, Berkshire, GBR, RG14 5BY

Website

https://www.gamma.co.uk

Gamma Communications PLC is a supplier of Unified Communications as a Service (UCaaS) in the United Kingdom and Dutch markets, supplying communication solutions directly and via its network of trusted channel partners. The company's product portfolio includes Unified Communications, SIP Trunking, Call Management, Mobile, and Connectivity. Its segments consist of UK Indirect, which sells products to channel partners; UK Direct which sells products to end-users in the SME, enterprise, and public sectors together with an associated service wrap; and European segment consists of sales made in Europe; and Central functions.

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