Various Eateries (LSE:VARE) Interest Expense : £-2.47 Mil (TTM As of Sep. 2023)

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What is Various Eateries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Various Eateries's interest expense for the six months ended in Sep. 2023 was £ -1.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-2.47 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. Various Eateries's Operating Income for the six months ended in Sep. 2023 was £ 1.26 Mil. Various Eateries's Interest Expense for the six months ended in Sep. 2023 was £ -1.39 Mil. Various Eateries's Interest Coverage for the quarter that ended in Sep. 2023 was 0.91. 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.

Various Eateries Interest Expense Historical Data

The historical data trend for Various Eateries'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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Various Eateries Interest Expense Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-2.98

-2.00

-1.65

-2.01

-2.47

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial							-0.80	-0.92	-1.08	-1.09	-1.39

Various Eateries 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 £-2.47 Mil.

Various Eateries (LSE:VARE) 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.

Various Eateries's Interest Expense for the six months ended in Sep. 2023 was £-1.39 Mil. Its Operating Income for the six months ended in Sep. 2023 was £1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was £28.05 Mil.

Various Eateries'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	*	1.256	/	-1.385
	=	0.91

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

Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

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