Morgan Advanced Materials (CHIX:MGAML) Interest Expense : £-18 Mil (TTM As of Dec. 2023)

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What is Morgan Advanced Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Morgan Advanced Materials's interest expense for the six months ended in Dec. 2023 was £ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-18 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. Morgan Advanced Materials's Operating Income for the six months ended in Dec. 2023 was £ 71 Mil. Morgan Advanced Materials's Interest Expense for the six months ended in Dec. 2023 was £ -10 Mil. Morgan Advanced Materials's Interest Coverage for the quarter that ended in Dec. 2023 was 7.36. 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.

Morgan Advanced Materials Interest Expense Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Interest Expense Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.80

-12.80

-10.00

-10.80

-18.00

Morgan Advanced Materials Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.20	-4.90	-5.90	-8.30	-9.70

Morgan Advanced Materials 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-18 Mil.

Morgan Advanced Materials (CHIX:MGAMl) 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.

Morgan Advanced Materials's Interest Expense for the six months ended in Dec. 2023 was £-10 Mil. Its Operating Income for the six months ended in Dec. 2023 was £71 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £345 Mil.

Morgan Advanced Materials's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	71.4	/	-9.7
	=	7.36

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

Morgan Advanced Materials (CHIX:MGAML) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morgan Advanced Materials PLC (CHIX:MGAMl) » Definitions » Interest Expense

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MCRUF:USA MGAM:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.

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