Afrimat (JSE:AFT) Interest Expense : R-55 Mil (TTM As of Feb. 2024)

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What is Afrimat Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afrimat's interest expense for the six months ended in Feb. 2024 was R -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-55 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. Afrimat's Operating Income for the six months ended in Feb. 2024 was R 653 Mil. Afrimat's Interest Expense for the six months ended in Feb. 2024 was R -22 Mil. Afrimat's Interest Coverage for the quarter that ended in Feb. 2024 was 29.07. 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.

Afrimat Interest Expense Historical Data

The historical data trend for Afrimat'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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Afrimat Interest Expense Chart

Afrimat Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-37.29

-26.62

-39.85

-40.78

-55.00

Afrimat 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															-5.31	-30.03	-10.75	-32.52	-22.48

Afrimat 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 R-55 Mil.

Afrimat (JSE:AFT) 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.

Afrimat's Interest Expense for the six months ended in Feb. 2024 was R-22 Mil. Its Operating Income for the six months ended in Feb. 2024 was R653 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R210 Mil.

Afrimat'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	*	653.469	/	-22.48
	=	29.07

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

Afrimat (JSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in three segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; and Services segment consists of Group shared services including IT services, consulting services, etc. It operates in a single geographical segment, which is the African region.