Pick N Pay Stores (JSE:PIK) Interest Expense : R-2,443 Mil (TTM As of Feb. 2024)

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What is Pick N Pay Stores Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pick N Pay Stores's interest expense for the six months ended in Feb. 2024 was R -1,337 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-2,443 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. Pick N Pay Stores's Operating Income for the six months ended in Feb. 2024 was R -109 Mil. Pick N Pay Stores's Interest Expense for the six months ended in Feb. 2024 was R -1,337 Mil. Pick N Pay Stores 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.

Pick N Pay Stores Interest Expense Historical Data

The historical data trend for Pick N Pay Stores'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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Pick N Pay Stores Interest Expense Chart

Pick N Pay Stores Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-1,772.10

-1,682.50

-1,674.90

-1,773.90

-2,442.60

Pick N Pay Stores 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															-802.70	-879.30	-894.60	-1,105.60	-1,337.00

Pick N Pay Stores 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-2,443 Mil.

Pick N Pay Stores (JSE:PIK) 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.

Pick N Pay Stores's Interest Expense for the six months ended in Feb. 2024 was R-1,337 Mil. Its Operating Income for the six months ended in Feb. 2024 was R-109 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R20,965 Mil.

Pick N Pay Stores's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Pick N Pay Stores did not have earnings to cover the interest expense.

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

Pick N Pay Stores (JSE:PIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Interest Expense

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PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.