Victrex (LSE:VCT) Interest Expense : £-0.9 Mil (TTM As of Mar. 2024)

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What is Victrex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victrex's interest expense for the six months ended in Mar. 2024 was £ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.9 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. Victrex's Operating Income for the six months ended in Mar. 2024 was £ 3.7 Mil. Victrex's Interest Expense for the six months ended in Mar. 2024 was £ -0.7 Mil. Victrex's Interest Coverage for the quarter that ended in Mar. 2024 was 5.29. 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.

Victrex Interest Expense Historical Data

The historical data trend for Victrex'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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Victrex Interest Expense Chart

Victrex Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.30

-0.20

-0.30

-0.40

Victrex Semi-Annual Data
	Sep14	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															-0.10	-0.20	-0.20	-0.20	-0.70

Victrex 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 £-0.9 Mil.

Victrex (LSE:VCT) 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.

Victrex's Interest Expense for the six months ended in Mar. 2024 was £-0.7 Mil. Its Operating Income for the six months ended in Mar. 2024 was £3.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £68.9 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3.7	/	-0.7
	=	5.29

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

Victrex (LSE:VCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Victrex PLC (LSE:VCT) » Definitions » Interest Expense

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Traded in Other Exchanges

VTXPF:USA VCTl:UK 1OY:Germany

Address

Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD

Website

https://www.victrexplc.com

Victrex is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. Around 40% of sales are generated in Europe, with Asia and the Americas contributing 30% each. The business has two segments. The industrial segment targets transportation, energy, electronics, and manufacturing, while the medical segment provides healthcare solutions for the implantable device markets.

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