MITIE Group (LSE:MTO) Interest Expense : £-11 Mil (TTM As of Sep. 2023)

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What is MITIE Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MITIE Group's interest expense for the six months ended in Sep. 2023 was £ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-11 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. MITIE Group's Operating Income for the six months ended in Sep. 2023 was £ 80 Mil. MITIE Group's Interest Expense for the six months ended in Sep. 2023 was £ -6 Mil. MITIE Group's Interest Coverage for the quarter that ended in Sep. 2023 was 12.76. 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.

MITIE Group Interest Expense Historical Data

The historical data trend for MITIE 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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MITIE Group Interest Expense Chart

MITIE Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-13.40

-15.70

-15.10

-15.30

-12.60

MITIE Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-10.00	-5.30	-8.20	-4.40	-6.30

MITIE 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-11 Mil.

MITIE Group (LSE:MTO) 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.

MITIE Group's Interest Expense for the six months ended in Sep. 2023 was £-6 Mil. Its Operating Income for the six months ended in Sep. 2023 was £80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	80.4	/	-6.3
	=	12.76

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

MITIE Group (LSE:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MITIE Group PLC (LSE:MTO) » Definitions » Interest Expense

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Traded in Other Exchanges

MITFY:USA MITFF:USA MTOl:UK MZ4:Germany

Address

32 London Bridge Street, The Shard, Level 12, Southwark, London, GBR, SE1 9SG

Website

https://www.mitie.com

MITIE Group PLC is a U.K.-based company. The company has five reportable segments: Technical services, Business services, care, and custody, Landscapes, Waste, Communities, Specialist Services, and Spain. Through these segments, the company provides facilities management, consultancy, and security services. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.

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