RTC Group (LSE:RTC) Interest Expense : £-0.18 Mil (TTM As of Dec. 2023)

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What is RTC Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RTC Group's interest expense for the six months ended in Dec. 2023 was £ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.18 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. RTC Group's Operating Income for the six months ended in Dec. 2023 was £ 1.59 Mil. RTC Group's Interest Expense for the six months ended in Dec. 2023 was £ -0.05 Mil. RTC Group's Interest Coverage for the quarter that ended in Dec. 2023 was 29.94. 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.

RTC Group Interest Expense Historical Data

The historical data trend for RTC 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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RTC Group Interest Expense Chart

RTC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.20

-0.18

-0.16

-0.21

-0.18

RTC Group 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															-0.08	-0.10	-0.11	-0.13	-0.05

RTC 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.18 Mil.

RTC Group (LSE:RTC) 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.

RTC Group's Interest Expense for the six months ended in Dec. 2023 was £-0.05 Mil. Its Operating Income for the six months ended in Dec. 2023 was £1.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £2.34 Mil.

RTC Group'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	*	1.587	/	-0.053
	=	29.94

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

RTC Group (LSE:RTC) Business Description

Industry

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Address

London Road, The Derby Conference Centre, Derby, GBR, DE24 8UX

Website

https://www.rtcgroupplc.co.uk

RTC Group PLC is engaged in the engineering and technical recruitment business that provides temporary and permanent labor to a broad range of industries and customers in both domestic and international markets. It focuses on white and blue-collar recruitment providing temporary, permanent, and contingent staff to a range of industries and clients in both domestic and international markets. The company's operating segments include UK Recruitment, UK Central Services, and International Recruitment. The majority of its revenues are generated from the UK Recruitment segment.