ArcelorMittal South Africa (JSE:ACL) Interest Expense : R-1,342 Mil (TTM As of Dec. 2023)

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What is ArcelorMittal South Africa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ArcelorMittal South Africa's interest expense for the six months ended in Dec. 2023 was R -806 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-1,342 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. ArcelorMittal South Africa's Operating Income for the six months ended in Dec. 2023 was R -899 Mil. ArcelorMittal South Africa's Interest Expense for the six months ended in Dec. 2023 was R -806 Mil. ArcelorMittal South Africa did not have earnings to cover the interest expense. 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.

ArcelorMittal South Africa Interest Expense Historical Data

The historical data trend for ArcelorMittal South Africa'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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ArcelorMittal South Africa Interest Expense Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,197.00

-673.00

-1,219.00

-1,141.00

-1,342.00

ArcelorMittal South Africa 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															-654.00	-250.00	-891.00	-536.00	-806.00

ArcelorMittal South Africa 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 R-1,342 Mil.

ArcelorMittal South Africa (JSE:ACL) 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.

ArcelorMittal South Africa's Interest Expense for the six months ended in Dec. 2023 was R-806 Mil. Its Operating Income for the six months ended in Dec. 2023 was R-899 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R2,856 Mil.

ArcelorMittal South Africa's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

ArcelorMittal South Africa did not have earnings to cover the interest expense.

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

ArcelorMittal South Africa (JSE:ACL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (JSE:ACL) » Definitions » Interest Expense

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Traded in Other Exchanges

ARCXF:USA ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.

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