GETECH Group (LSE:GTC) Interest Expense : £-0.05 Mil (TTM As of Jun. 2023)

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What is GETECH Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GETECH Group's interest expense for the six months ended in Jun. 2023 was £ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-0.05 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. GETECH Group's Operating Income for the six months ended in Jun. 2023 was £ -2.18 Mil. GETECH Group's Interest Expense for the six months ended in Jun. 2023 was £ -0.03 Mil. GETECH Group did not have earnings to cover the interest expense. 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.

GETECH Group Interest Expense Historical Data

The historical data trend for GETECH 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.

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GETECH Group Interest Expense Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.03

-0.06

-0.05

-0.06

-0.05

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.02	-0.02	-0.02	-0.03

GETECH 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.05 Mil.

GETECH Group (LSE:GTC) 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.

GETECH Group's Interest Expense for the six months ended in Jun. 2023 was £-0.03 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-2.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £0.53 Mil.

GETECH Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

GETECH Group did not have earnings to cover the interest expense.

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

GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Interest Expense

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3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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