Virgin Money UK (Virgin Money UK) Interest Expense : $-2,635 Mil (TTM As of Sep. 2023)

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What is Virgin Money UK Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virgin Money UK's interest expense for the six months ended in Sep. 2023 was $ -1,594 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-2,635 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. Virgin Money UK's Operating Income for the six months ended in Sep. 2023 was $ Mil. Virgin Money UK's Interest Expense for the six months ended in Sep. 2023 was $ Mil. 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.

Virgin Money UK Interest Expense Historical Data

The historical data trend for Virgin Money UK'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.

Virgin Money UK Interest Expense Chart

Virgin Money UK Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-1,137.38

-1,106.22

-759.62

-725.93

-2,655.94

Virgin Money UK Semi-Annual Data
	Sep13	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															-335.17	-312.25	-457.53	-1,041.26	-1,594.06

Virgin Money UK 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 $-2,635 Mil.

Virgin Money UK (Virgin Money UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CYBBF:USA VMUKl:UK VMUK:UK 42YA:Germany VUK:Australia

Address

177 Bothwell Street, Glasgow, GBR, G2 7ER

Website

https://www.virginmoneyukplc.com

Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.