AVI (JSE:AVI) Interest Expense : R-218 Mil (TTM As of Dec. 2023)

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What is AVI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AVI's interest expense for the six months ended in Dec. 2023 was R -113 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-218 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. AVI's Operating Income for the six months ended in Dec. 2023 was R 1,804 Mil. AVI's Interest Expense for the six months ended in Dec. 2023 was R -113 Mil. AVI's Interest Coverage for the quarter that ended in Dec. 2023 was 16.02. 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.

AVI Interest Expense Historical Data

The historical data trend for AVI'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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AVI Interest Expense Chart

AVI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-200.80

-175.30

-121.20

-115.50

-198.90

AVI 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															-58.10	-57.40	-93.30	-105.60	-112.60

AVI 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-218 Mil.

AVI (JSE:AVI) 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.

AVI's Interest Expense for the six months ended in Dec. 2023 was R-113 Mil. Its Operating Income for the six months ended in Dec. 2023 was R1,804 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R425 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1803.8	/	-112.6
	=	16.02

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

AVI (JSE:AVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AVI Ltd (JSE:AVI) » Definitions » Interest Expense

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AVSFY:USA

Address

2 Harries Road, Illovo, Johannesburg, GT, ZAF, 2196

Website

https://www.avi.co.za

AVI Ltd owns and manages a portfolio of more than 50 brands, with various product categories such as hot beverages, biscuits and snacks, frozen food, personal care products, cosmetics, and fashion supplies. These brands share the group's IT, finance, human resources, logistics, marketing, and procurement services. AVI's business operation is grouped into Entyce beverages, which sells tea, coffee, and creamer; Snackworks, which provides biscuits and snacks; IandJ, which is engaged in seafood and general food; Personal care under the brand Indigo; Footwear and apparel; and Shared Services.

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