Focusrite (LSE:TUNE) Interest Expense : £-2.1 Mil (TTM As of Feb. 2024)

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What is Focusrite Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Focusrite's interest expense for the six months ended in Feb. 2024 was £ -1.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was £-2.1 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. Focusrite's Operating Income for the six months ended in Feb. 2024 was £ 4.7 Mil. Focusrite's Interest Expense for the six months ended in Feb. 2024 was £ -1.3 Mil. Focusrite's Interest Coverage for the quarter that ended in Feb. 2024 was 3.53. 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.

Focusrite Interest Expense Historical Data

The historical data trend for Focusrite'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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Focusrite Interest Expense Chart

Focusrite Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-0.05

-0.52

-0.40

-2.06

Focusrite Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.29	-1.29	-0.77	-1.32

Focusrite 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.1 Mil.

Focusrite (LSE:TUNE) 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.

Focusrite's Interest Expense for the six months ended in Feb. 2024 was £-1.3 Mil. Its Operating Income for the six months ended in Feb. 2024 was £4.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was £0.0 Mil.

Focusrite's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	4.657	/	-1.318
	=	3.53

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

Focusrite (LSE:TUNE) Business Description

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FOCIF:USA

Address

Hillbottom Road, Artisan, High Wycombe, Buckinghamshire, GBR, HP12 4HJ

Website

https://www.focusriteplc.com

Focusrite PLC is a music and audio products company supplying hardware and software products used by professional and amateur musicians. The company's operating segment includes Focusrite, Novation, ADAM Audio, Martin Audio, Sequential, and Sonox. It generates maximum revenue from the Focusrite segment. Focusrite segment includes sales of Focusrite and Focusrite Pro branded products. Geographically, majority of its revenue is generated from North America.