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On The Beach Group (LSE:OTB) Interest Expense : £-1.3 Mil (TTM As of Mar. 2024)


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What is On The Beach Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. On The Beach Group's interest expense for the six months ended in Mar. 2024 was £ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-1.3 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. On The Beach Group's Operating Income for the six months ended in Mar. 2024 was £ 2.0 Mil. On The Beach Group's Interest Expense for the six months ended in Mar. 2024 was £ -0.4 Mil. On The Beach Group's Interest Coverage for the quarter that ended in Mar. 2024 was 5.00. 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.

On The Beach Group Interest Expense Historical Data

The historical data trend for On The Beach 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.

* Premium members only.

On The Beach Group Interest Expense Chart

On The Beach Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.50 -0.80 -1.00 -0.80 -1.50

On The Beach Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.50 -0.30 -0.60 -0.90 -0.40

On The Beach 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.3 Mil.

* 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.

On The Beach Group  (LSE:OTB) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

On The Beach Group's Interest Expense for the six months ended in Mar. 2024 was £-0.4 Mil. Its Operating Income for the six months ended in Mar. 2024 was £2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £1.4 Mil.

On The Beach Group'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/-0.4
=5.00

* 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.

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

On The Beach Group (LSE:OTB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » On The Beach Group PLC (LSE:OTB) » Definitions » Interest Expense
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Traded in Other Exchanges
OTBl:UK 9BP:Germany
Address
5 Adair Street, Manchester, GBR, M1 2NQ
Website
https://www.onthebeachgroupplc.com
On The Beach Group PLC is one of the UK's online retailers of beach holiday packages. It facilitates the customers to reach out to the suppliers of accommodation and airline tickets through its websites and telephone. The group organizes its operations into four principal financial reporting segments: OTB(onthebeach.co.uk and sunshine.co.uk), International(ebeach.se, ebeach.no & ebeach.dk), Classic Collection Holidays, and Classic Package Holidays. Its International segment comprises websites in Sweden, Norway, and Denmark.

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