Strix Group (LSE:KETL) Interest Expense : £-10.2 Mil (TTM As of Dec. 2023)

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What is Strix Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strix Group's interest expense for the six months ended in Dec. 2023 was £ -5.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-10.2 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. Strix Group's Operating Income for the six months ended in Dec. 2023 was £ 18.6 Mil. Strix Group's Interest Expense for the six months ended in Dec. 2023 was £ -5.3 Mil. Strix Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.54. 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.

Strix Group Interest Expense Historical Data

The historical data trend for Strix 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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Strix Group Interest Expense Chart

Strix Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.29

-1.11

-2.13

-3.83

-10.21

Strix Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-1.49	-1.23	-2.61	-4.94	-5.27

Strix 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 £-10.2 Mil.

Strix Group (LSE:KETL) 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.

Strix Group's Interest Expense for the six months ended in Dec. 2023 was £-5.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was £18.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £93.3 Mil.

Strix 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	*	18.646	/	-5.27
	=	3.54

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

Strix Group (LSE:KETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strix Group PLC (LSE:KETL) » Definitions » Interest Expense

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SG9:Germany

Address

Forrest House, Ronaldsway, IMN, IM9 2RG

Website

https://www.strixplc.com

Strix Group PLC manufactures and markets kettle controls for appliances worldwide. The Group is engaged in the business of design, manufacture, and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Its revenue is generated by the sale of thermostatic controls, cordless interfaces, and other products such as water jugs and filters. It generates maximum revenue from the Kettle controls segment.

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