Shoprite Holdings (Shoprite Holdings) Interest Expense : $-216 Mil (TTM As of Dec. 2023)

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What is Shoprite Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shoprite Holdings's interest expense for the six months ended in Dec. 2023 was $ -110 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-216 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. Shoprite Holdings's Operating Income for the six months ended in Dec. 2023 was $ 311 Mil. Shoprite Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -110 Mil. Shoprite Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.82. 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.

Shoprite Holdings Interest Expense Historical Data

The historical data trend for Shoprite Holdings'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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Shoprite Holdings Interest Expense Chart

Shoprite Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-178.20

-167.97

-222.45

-189.26

-195.52

Shoprite Holdings 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															-89.29	-99.53	-98.03	-105.15	-110.45

Shoprite Holdings 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 $-216 Mil.

Shoprite Holdings (OTCPK:SRGHY) 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.

Shoprite Holdings's Interest Expense for the six months ended in Dec. 2023 was $-110 Mil. Its Operating Income for the six months ended in Dec. 2023 was $311 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2,146 Mil.

Shoprite Holdings'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	*	311.011	/	-110.45
	=	2.82

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

Shoprite Holdings (Shoprite Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoprite Holdings Ltd (OTCPK:SRGHY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SHOPRITE:Zambia SHP:South Africa SRHGF:USA SRH:Namibia

Address

Cnr William Dabs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560

Website

https://www.shopriteholdings.co.za

Shoprite Holdings Ltd is part of The Shoprite Group of Companies, an African food retailer, which operates in countries across Africa and the Indian Ocean Islands. The primary business is food retailing. Besides food retailing, the company is operating in furniture, house products, fast foods, pharmacies, and liquor business segments. The company is targeting consumers at all income levels. The Checkers, Checkers Hyper, and House & Home stores address higher-income groups, while Shoprite Usave focuses on the lower end of the market. Shoprite and OK Furniture offer products for the middle- to lower-income market. The company's reportable segment includes, Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segment.

Shoprite Holdings (Shoprite Holdings) Headlines

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