Kitwave Group (LSE:KITW) Interest Expense : £-4.5 Mil (TTM As of Oct. 2023)

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What is Kitwave Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kitwave Group's interest expense for the six months ended in Oct. 2023 was £ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was £-4.5 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. Kitwave Group's Operating Income for the six months ended in Oct. 2023 was £ 19.1 Mil. Kitwave Group's Interest Expense for the six months ended in Oct. 2023 was £ -2.5 Mil. Kitwave Group's Interest Coverage for the quarter that ended in Oct. 2023 was 7.50. 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.

Kitwave Group Interest Expense Historical Data

The historical data trend for Kitwave 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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Kitwave Group Interest Expense Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Interest Expense

-3.53

-3.63

-1.92

-2.53

-4.51

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial			2.35	-1.13	-1.41	-1.96	-2.55

Kitwave 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-4.5 Mil.

Kitwave Group (LSE:KITW) 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.

Kitwave Group's Interest Expense for the six months ended in Oct. 2023 was £-2.5 Mil. Its Operating Income for the six months ended in Oct. 2023 was £19.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was £46.3 Mil.

Kitwave Group's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	19.121	/	-2.549
	=	7.50

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

Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

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