Gaming Realms (LSE:GMR) Interest Expense : £-0.04 Mil (TTM As of Dec. 2023)

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What is Gaming Realms Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gaming Realms's interest expense for the six months ended in Dec. 2023 was £ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.04 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. Gaming Realms's Operating Income for the six months ended in Dec. 2023 was £ 2.93 Mil. Gaming Realms's Interest Expense for the six months ended in Dec. 2023 was £ -0.02 Mil. Gaming Realms's Interest Coverage for the quarter that ended in Dec. 2023 was 133.23. 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.

Gaming Realms Interest Expense Historical Data

The historical data trend for Gaming Realms'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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Gaming Realms Interest Expense Chart

Gaming Realms Annual Data

Trend

Sep13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.53

-0.28

-0.04

Gaming Realms Semi-Annual Data
	Mar14	Sep14	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															-0.27	-0.12	-0.16	-0.02	-0.02

Gaming Realms 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 £-0.04 Mil.

Gaming Realms (LSE:GMR) 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.

Gaming Realms's Interest Expense for the six months ended in Dec. 2023 was £-0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was £2.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £0.13 Mil.

Gaming Realms'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	*	2.931	/	-0.022
	=	133.23

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. Gaming Realms PLC has enough cash to cover all of its debt. Its financial situation is stable.

Gaming Realms (LSE:GMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Realms PLC (LSE:GMR) » Definitions » Interest Expense

Comparable Companies

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PSDMF:USA GMR.GB:UK RNE1:Germany

Address

Two Valentine Place, London, GBR, SE1 8QH

Website

https://www.gamingrealms.com

Gaming Realms PLC is a gaming company. It develops, publishes and licenses next-generation mobile gaming content. The company creates and publishes real money and social games for mobile, with operations in the UK, the U.S and Canada. The group has two continuing reportable operating segments Licensing - brand and content licensing to partners in Europe and the U.S, and Social Publishing - providing freemium games to the U.S and Europe. The company's geographical segment includes the UK, including Channel Islands, the U.S and Rest of the world. It generates the majority of its revenue from Social Publishing segment.

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