Surface Transforms (LSE:SCE) Interest Expense : £-0.19 Mil (TTM As of Jun. 2023)

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What is Surface Transforms Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Surface Transforms's interest expense for the six months ended in Jun. 2023 was £ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-0.19 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. Surface Transforms's Operating Income for the six months ended in Jun. 2023 was £ -4.63 Mil. Surface Transforms's Interest Expense for the six months ended in Jun. 2023 was £ -0.09 Mil. Surface Transforms did not have earnings to cover the interest expense. 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.

Surface Transforms Interest Expense Historical Data

The historical data trend for Surface Transforms'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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Surface Transforms Interest Expense Chart

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Interest Expense

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-0.10

-0.11

-0.13

-0.18

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.08	-0.08	-0.10	-0.09

Surface Transforms 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.19 Mil.

Surface Transforms (LSE:SCE) 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.

Surface Transforms's Interest Expense for the six months ended in Jun. 2023 was £-0.09 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-4.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £2.07 Mil.

Surface Transforms's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Surface Transforms did not have earnings to cover the interest expense.

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

Surface Transforms (LSE:SCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Interest Expense

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XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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