Spectris (LSE:SXS) Interest Expense : £-4 Mil (TTM As of Dec. 2023)

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What is Spectris Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spectris's interest expense for the six months ended in Dec. 2023 was £ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-4 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. Spectris's Operating Income for the six months ended in Dec. 2023 was £ 118 Mil. Spectris's Interest Expense for the six months ended in Dec. 2023 was £ -2 Mil. Spectris's Interest Coverage for the quarter that ended in Dec. 2023 was 59.05. 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.

Spectris Interest Expense Historical Data

The historical data trend for Spectris'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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Spectris Interest Expense Chart

Spectris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.30

-9.10

-5.40

-4.60

-4.10

Spectris 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															-2.30	-2.40	-2.20	-2.10	-2.00

Spectris 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 £-4 Mil.

Spectris (LSE:SXS) 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.

Spectris's Interest Expense for the six months ended in Dec. 2023 was £-2 Mil. Its Operating Income for the six months ended in Dec. 2023 was £118 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £48 Mil.

Spectris'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	*	118.1	/	-2
	=	59.05

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

Spectris (LSE:SXS) Business Description

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Address

44-46 Aldwych, Melbourne House, 5th Floor, London, GBR, WC2B 4LL

Website

http://www.spectris.com

Spectris PLC supplies measuring instruments for research and industrial applications. The firm operates in four segments: Industrial Solutions, which includes a range of specialty businesses involved in particle measurement and testing; Malvern Panalytical, which provides tools for measuring the structure, size, and amount of particles during research and production; HBK, which makes measuring tools for product design and improvement; and Omega, which provides tools for measuring and controlling temperature, humidity, pressure, and conductivity. Revenue is generated in Asia, Europe, and North America in industries such as pharmaceutical, mining, and academic research.

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