Gooch & Housego (LSE:GHH) Interest Expense : £-2.3 Mil (TTM As of Mar. 2024)

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What is Gooch & Housego Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gooch & Housego's interest expense for the six months ended in Mar. 2024 was £ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-2.3 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. Gooch & Housego's Operating Income for the six months ended in Mar. 2024 was £ 2.8 Mil. Gooch & Housego's Interest Expense for the six months ended in Mar. 2024 was £ -1.2 Mil. Gooch & Housego's Interest Coverage for the quarter that ended in Mar. 2024 was 2.32. 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.

Gooch & Housego Interest Expense Historical Data

The historical data trend for Gooch & Housego'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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Gooch & Housego Interest Expense Chart

Gooch & Housego Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-2.48

-1.78

-0.72

-1.84

Gooch & Housego Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.35	-0.36	-0.71	-1.14	-1.19

Gooch & Housego 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.3 Mil.

Gooch & Housego (LSE:GHH) 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.

Gooch & Housego's Interest Expense for the six months ended in Mar. 2024 was £-1.2 Mil. Its Operating Income for the six months ended in Mar. 2024 was £2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £34.3 Mil.

Gooch & Housego's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2.761	/	-1.19
	=	2.32

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

Gooch & Housego (LSE:GHH) Business Description

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GHH.GB:UK

Address

Dowlish Ford, Ilminster, Somerset, GBR, TA19 0PF

Website

https://www.gandh.com

Gooch & Housego PLC provides photonics technology and solutions to industrial, aerospace and defense, life sciences, and scientific research applications. The company's product portfolio consists of acousto-optics, crystal optics, Electro-optics, instrumentation, fiber optics, and precision optics. Its segments consist of Aerospace & Defence; Life Sciences; Industrial, which derives the key revenue; and Corporate. The majority of the revenue is derived from the sale of components and subsystems. Its operations are spread across the United Kingdom, USA, Continental Europe, and the Asia Pacific regions.

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