Trakm8 Holdings (LSE:TRAK) Interest Expense : £-0.76 Mil (TTM As of Sep. 2023)

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What is Trakm8 Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trakm8 Holdings's interest expense for the six months ended in Sep. 2023 was £ -0.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-0.76 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. Trakm8 Holdings's Operating Income for the six months ended in Sep. 2023 was £ 0.54 Mil. Trakm8 Holdings's Interest Expense for the six months ended in Sep. 2023 was £ -0.39 Mil. Trakm8 Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 1.37. 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.

Trakm8 Holdings Interest Expense Historical Data

The historical data trend for Trakm8 Holdings'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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Trakm8 Holdings Interest Expense Chart

Trakm8 Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.21

-0.39

-0.49

-0.50

-0.61

Trakm8 Holdings 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															-0.25	-0.25	-0.24	-0.37	-0.39

Trakm8 Holdings 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 £-0.76 Mil.

Trakm8 Holdings (LSE:TRAK) 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.

Trakm8 Holdings's Interest Expense for the six months ended in Sep. 2023 was £-0.39 Mil. Its Operating Income for the six months ended in Sep. 2023 was £0.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £1.49 Mil.

Trakm8 Holdings'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	*	0.536	/	-0.39
	=	1.37

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Trakm8 Holdings PLC interest coverage is 2.67, which is low.

Trakm8 Holdings (LSE:TRAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trakm8 Holdings PLC (LSE:TRAK) » Definitions » Interest Expense

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Address

4 Roman Park, Roman Way, Coleshill, Birmingham, West Midlands, GBR, B46 1HG

Website

https://www.trakm8.com

Trakm8 Holdings PLC is a UK-based company. The company through its subsidiaries is engaged in developing, manufacturing, marketing, and distribution of vehicle telematics devices and services. Its operating segment includes Integrated Telematics Technology. The company generates maximum revenue from Fleet and optimization and Insurance and automotive solutions. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in North America, Norway, the Rest of Europe, and the Rest of the World.