Kumba Iron Ore (Kumba Iron Ore) Interest Expense : $-33 Mil (TTM As of Dec. 2023)

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What is Kumba Iron Ore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kumba Iron Ore's interest expense for the six months ended in Dec. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-33 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. Kumba Iron Ore's Operating Income for the six months ended in Dec. 2023 was $ 1,239 Mil. Kumba Iron Ore's Interest Expense for the six months ended in Dec. 2023 was $ -14 Mil. Kumba Iron Ore's Interest Coverage for the quarter that ended in Dec. 2023 was 91.59. 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.

Kumba Iron Ore Interest Expense Historical Data

The historical data trend for Kumba Iron Ore'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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Kumba Iron Ore Interest Expense Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.37

-17.34

-17.93

-28.07

-33.11

Kumba Iron Ore 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															-9.06	-9.68	-19.21	-19.47	-13.53

Kumba Iron Ore 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 $-33 Mil.

Kumba Iron Ore (OTCPK:KIROY) 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.

Kumba Iron Ore's Interest Expense for the six months ended in Dec. 2023 was $-14 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,239 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $10 Mil.

Kumba Iron Ore'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	*	1238.73	/	-13.525
	=	91.59

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kumba Iron Ore Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Interest Expense

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Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

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