Jarvis Securities (LSE:JIM) Interest Expense : £-0.02 Mil (TTM As of Dec. 2023)

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What is Jarvis Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jarvis Securities's interest expense for the six months ended in Dec. 2023 was £ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.02 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. Jarvis Securities's Operating Income for the six months ended in Dec. 2023 was £ 2.74 Mil. Jarvis Securities's Interest Expense for the six months ended in Dec. 2023 was £ -0.01 Mil. Jarvis Securities's Interest Coverage for the quarter that ended in Dec. 2023 was 342.75. 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.

Jarvis Securities Interest Expense Historical Data

The historical data trend for Jarvis Securities'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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Jarvis Securities Interest Expense Chart

Jarvis Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.02

Jarvis Securities 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															-	-	-0.01	-0.01	-0.01

Jarvis Securities 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 £-0.02 Mil.

Jarvis Securities (LSE:JIM) 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.

Jarvis Securities's Interest Expense for the six months ended in Dec. 2023 was £-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was £2.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £0.22 Mil.

Jarvis Securities'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	*	2.742	/	-0.008
	=	342.75

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jarvis Securities PLC has enough cash to cover all of its debt. Its financial situation is stable.

Jarvis Securities (LSE:JIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jarvis Securities PLC (LSE:JIM) » Definitions » Interest Expense

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Address

78 Mount Ephraim, Royal Tunbridge Wells, Kent, GBR, TN4 8BS

Website

http://www.jarvisinvest.co.uk

Jarvis Securities PLC operates in the financial services sector. Its core business is to provide retail execution-only stockbroking, ISA (Individual saving account), and SIPP (Self-invested personal pension) investment wrappers, savings schemes, financial administration, settlement, and custody services to stockbrokers, investment firms, and individuals. The company also provides outsourced financial administration services to various investment firms. Its operations are principally carried out in the United Kingdom.

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