Africa Prudential (NSA:AFRIPRUD) Interest Expense : ₦-3.0 Mil (TTM As of Mar. 2024)

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What is Africa Prudential Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Africa Prudential's interest expense for the three months ended in Mar. 2024 was ₦ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₦-3.0 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. Africa Prudential's Operating Income for the three months ended in Mar. 2024 was ₦ -392.1 Mil. Africa Prudential's Interest Expense for the three months ended in Mar. 2024 was ₦ -2.7 Mil. Africa Prudential 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.

Africa Prudential Interest Expense Historical Data

The historical data trend for Africa Prudential'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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Africa Prudential Interest Expense Chart

Africa Prudential Annual Data

Trend

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-104.17

-1.61

-1.46

-1.06

-0.86

Africa Prudential Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.32	-0.32	-	-2.70

Africa Prudential 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-3.0 Mil.

Africa Prudential (NSA:AFRIPRUD) 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.

Africa Prudential's Interest Expense for the three months ended in Mar. 2024 was ₦-2.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₦-392.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₦0.0 Mil.

Africa Prudential's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Africa Prudential did not have earnings to cover the interest expense.

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

Africa Prudential (NSA:AFRIPRUD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Prudential PLC (NSA:AFRIPRUD) » Definitions » Interest Expense

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Address

220B, Ikorodu Road, Palmgrove, Lagos, NGA

Website

https://www.africaprudential.com

Africa Prudential PLC is an investor service and business solutions, provider. The company's competency in digital technology covers advanced Agile and other Software Development life Circle (SDLC) Methodologies, Cyber Security, Cloud Computing, Design thinking/product Development Labs, Blockchain technology, among others. The Company deploys Software as a Service ( SaaS) which are scalable for various sizes of organizations.

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