Hargreaves Services (LSE:HSP) Interest Expense : £-3.0 Mil (TTM As of Nov. 2023)

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What is Hargreaves Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hargreaves Services's interest expense for the six months ended in Nov. 2023 was £ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was £-3.0 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. Hargreaves Services's Operating Income for the six months ended in Nov. 2023 was £ 5.1 Mil. Hargreaves Services's Interest Expense for the six months ended in Nov. 2023 was £ -1.5 Mil. Hargreaves Services's Interest Coverage for the quarter that ended in Nov. 2023 was 3.46. 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.

Hargreaves Services Interest Expense Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services Interest Expense Chart

Hargreaves Services Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-2.04

-2.13

-1.88

-0.56

-2.38

Hargreaves Services Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.29	-0.27	-0.82	-1.56	-1.47

Hargreaves Services 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.0 Mil.

Hargreaves Services (LSE:HSP) 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.

Hargreaves Services's Interest Expense for the six months ended in Nov. 2023 was £-1.5 Mil. Its Operating Income for the six months ended in Nov. 2023 was £5.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was £13.9 Mil.

Hargreaves Services's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	5.101	/	-1.473
	=	3.46

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

Hargreaves Services (LSE:HSP) Business Description

Industry

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HSP.GB:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services and Hargreaves Land. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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