IXICO (LSE:IXI) Interest Expense : £-0.03 Mil (TTM As of Mar. 2024)

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What is IXICO Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IXICO's interest expense for the six months ended in Mar. 2024 was £ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.03 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. IXICO's Operating Income for the six months ended in Mar. 2024 was £ -1.59 Mil. IXICO's Interest Expense for the six months ended in Mar. 2024 was £ -0.01 Mil. IXICO 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.

IXICO Interest Expense Historical Data

The historical data trend for IXICO'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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IXICO Interest Expense Chart

IXICO Annual Data

Trend

Sep13

Sep15

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Sep21

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Sep23

Interest Expense

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-0.02

-0.03

IXICO Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.01	-0.01

IXICO 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 £-0.03 Mil.

IXICO (LSE:IXI) 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.

IXICO's Interest Expense for the six months ended in Mar. 2024 was £-0.01 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-1.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £0.21 Mil.

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

IXICO did not have earnings to cover the interest expense.

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

IXICO (LSE:IXI) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » IXICO PLC (LSE:IXI) » Definitions » Interest Expense

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PHYOF:USA

Address

15 Long Lane, 4th Floor, Griffin Court, London, GBR, EC1A 9PN

Website

https://www.ixico.com

IXICO PLC is a UK-based company engaged in providing clinical trial services and technology to evaluate imaging endpoints to pharmaceutical companies. Its therapeutic areas include Alzheimer's, Parkinson's, Huntington's, Multiple Sclerosis, Progressive Supranuclear Palsy, and Other Rare Neurological Diseases. Services offered by the company are Early Phase Clinical Development, Late Phase Clinical Development, Post-Marketing, and Consultancy. The company's geographical segments include the United States, Switzerland, the United Kingdom, the Netherlands, Ireland and other- Europe. The Company work with healthcare organizations across the entire clinical research journey, for drug development analytics, medical imaging operations and post-marketing surveillance.

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