Sasol (SSL) Interest Expense : $-502 Mil (TTM As of Jun. 2023)

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What is Sasol Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sasol's interest expense for the six months ended in Jun. 2023 was $ -250 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-502 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. Sasol's Operating Income for the six months ended in Jun. 2023 was $ 1,273 Mil. Sasol's Interest Expense for the six months ended in Jun. 2023 was $ -250 Mil. Sasol's Interest Coverage for the quarter that ended in Jun. 2023 was 5.09. 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.

Sasol Interest Expense Historical Data

The historical data trend for Sasol'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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Sasol Interest Expense Chart

Sasol Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-36.20

-426.22

-474.23

-427.71

-482.64

Sasol Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-198.73	-222.57	-204.06	-252.43	-249.94

Sasol 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-502 Mil.

Sasol (NYSE:SSL) 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.

Sasol's Interest Expense for the six months ended in Jun. 2023 was $-250 Mil. Its Operating Income for the six months ended in Jun. 2023 was $1,273 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $5,798 Mil.

Sasol's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1273.366	/	-249.936
	=	5.09

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

Sasol (SSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sasol Ltd (NYSE:SSL) » Definitions » Interest Expense

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Traded in Other Exchanges

SOLBE1:South Africa SOL:South Africa SASOF:USA SAOA:Germany SAO:Germany SAOA:Germany SAO:Germany

Address

50 Katherine Street, Sasol Place, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.sasol.com

Sasol Ltd operates as a vertically integrated chemicals and energy company through its two main segments: Energy business and Chemical business. It generates maximum revenue from the Chemicals segment. The company operates coal mines and its upstream interests in oil and gas, both of which are used as feedstock in the company's energy and chemicals operations. Sasol markets commodity and performance chemicals, sells liquid fuel products, and markets, distributes and transports pipeline gas. Geographically the company generates the majority of its revenue from South Africa.