Solid State (LSE:SOLI) Interest Expense : £-1.6 Mil (TTM As of Sep. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Solid State Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solid State's interest expense for the six months ended in Sep. 2023 was £ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-1.6 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. Solid State's Operating Income for the six months ended in Sep. 2023 was £ 6.9 Mil. Solid State's Interest Expense for the six months ended in Sep. 2023 was £ -0.9 Mil. Solid State's Interest Coverage for the quarter that ended in Sep. 2023 was 7.96. 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.

Solid State Interest Expense Historical Data

The historical data trend for Solid State'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.

Solid State Interest Expense Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

Get a 7-Day Free Trial

-0.11

-0.12

-0.09

-0.23

-0.97

Solid State 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															-0.11	-0.12	-0.29	-0.68	-0.87

Solid State 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 £-1.6 Mil.

Solid State (LSE:SOLI) 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.

Solid State's Interest Expense for the six months ended in Sep. 2023 was £-0.9 Mil. Its Operating Income for the six months ended in Sep. 2023 was £6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £12.1 Mil.

Solid State'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	*	6.935	/	-0.871
	=	7.96

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

Solid State (LSE:SOLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid State PLC (LSE:SOLI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hedera Road, 2 Ravensbank Business Park, Redditch, Worcestershire, GBR, B98 9EY

Website

https://www.solidstateplc.com

Solid State PLC is engaged in manufacturing as well as the distribution of electronic components and materials. The company's operating segment includes divisions which are Components and Systems. It generates maximum revenue from the Components division segment. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. It generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.