Saietta Group (LSE:SED) Interest Expense : £-0.27 Mil (TTM As of Sep. 2023)

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What is Saietta Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saietta Group's interest expense for the six months ended in Sep. 2023 was £ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.27 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. Saietta Group's Operating Income for the six months ended in Sep. 2023 was £ -8.82 Mil. Saietta Group's Interest Expense for the six months ended in Sep. 2023 was £ -0.13 Mil. Saietta Group 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.

Saietta Group Interest Expense Historical Data

The historical data trend for Saietta 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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Saietta Group Interest Expense Chart

Saietta Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-0.03

-0.02

-0.11

-0.28

Saietta Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial				-0.09	-0.02	-0.13	-0.14	-0.13

Saietta 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 £-0.27 Mil.

Saietta Group (LSE:SED) 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.

Saietta Group's Interest Expense for the six months ended in Sep. 2023 was £-0.13 Mil. Its Operating Income for the six months ended in Sep. 2023 was £-8.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £4.59 Mil.

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

Saietta Group did not have earnings to cover the interest expense.

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

Saietta Group (LSE:SED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saietta Group PLC (LSE:SED) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Fieldfisher, Riverbank House, 2 Swan Lane, London, GBR, EC4R 3TT

Website

https://www.saietta.com

Saietta Group PLC is an engineering company. Its branded AFT (Axial Flux Technology) is modular in design, meaning high and low voltage e-motor solutions can be provided from scooters to large vehicles. It operates in three segments; Lightweight, Heavy-duty and Marine division. It generates maximum revenue from Lightweight segment. AFT has been designed for high automation in volume production meaning AFT cost-effectively delivers class performance. Geographically, the company operates in United Kingdom, European Unions and the rest of the world.

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