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Victorian Plumbing Group (LSE:VIC) Interest Expense : £-1.8 Mil (TTM As of Mar. 2024)


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What is Victorian Plumbing Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victorian Plumbing Group's interest expense for the six months ended in Mar. 2024 was £ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-1.8 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. Victorian Plumbing Group's Operating Income for the six months ended in Mar. 2024 was £ 9.3 Mil. Victorian Plumbing Group's Interest Expense for the six months ended in Mar. 2024 was £ -1.6 Mil. Victorian Plumbing Group's Interest Coverage for the quarter that ended in Mar. 2024 was 5.81. 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.


Victorian Plumbing Group Interest Expense Historical Data

The historical data trend for Victorian Plumbing 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.

* Premium members only.

Victorian Plumbing Group Interest Expense Chart

Victorian Plumbing Group Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial -0.20 -0.30 -0.30 -0.30 -0.30

Victorian Plumbing Group Semi-Annual Data
Sep18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.20 -0.10 -0.10 -0.20 -1.60

Victorian Plumbing 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.8 Mil.

* 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.


Victorian Plumbing Group  (LSE:VIC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Victorian Plumbing Group's Interest Expense for the six months ended in Mar. 2024 was £-1.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was £9.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £42.9 Mil.

Victorian Plumbing Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*9.3/-1.6
=5.81

* 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.

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


Victorian Plumbing Group (LSE:VIC) Business Description

Traded in Other Exchanges
Address
22 Grimrod Place, Skelmersdale, GBR, WN8 9UU
Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide range of over 24,000 products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house.

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