Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Interest Expense : ZWL-280.14 Mil (TTM As of Jun. 2023)

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What is Fidelity Life Assurance of Zimbabwe Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fidelity Life Assurance of Zimbabwe's interest expense for the six months ended in Jun. 2023 was ZWL -195.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ZWL-280.14 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. Fidelity Life Assurance of Zimbabwe's Operating Income for the six months ended in Jun. 2023 was ZWL 49,704.68 Mil. Fidelity Life Assurance of Zimbabwe's Interest Expense for the six months ended in Jun. 2023 was ZWL -195.46 Mil. Fidelity Life Assurance of Zimbabwe's Interest Coverage for the quarter that ended in Jun. 2023 was 254.29. 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.

Fidelity Life Assurance of Zimbabwe Interest Expense Historical Data

The historical data trend for Fidelity Life Assurance of Zimbabwe'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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Fidelity Life Assurance of Zimbabwe Interest Expense Chart

Fidelity Life Assurance of Zimbabwe Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-14.25

-35.39

-12.31

-133.18

-171.85

Fidelity Life Assurance of Zimbabwe Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial										-27.91	-105.28	-87.17	-84.68	-195.46

Fidelity Life Assurance of Zimbabwe 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL-280.14 Mil.

Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) 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.

Fidelity Life Assurance of Zimbabwe's Interest Expense for the six months ended in Jun. 2023 was ZWL-195.46 Mil. Its EBIT for the six months ended in Jun. 2023 was ZWL49,704.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was ZWL2,403.62 Mil.

Fidelity Life Assurance of Zimbabwe's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	49704.684	/	-195.461
	=	254.29

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. Fidelity Life Assurance of Zimbabwe Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelity Life Assurance of Zimbabwe Ltd (XZIM:FIDL.ZW) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

66 Julius Nyerere Way, Fidelity House, Harare, ZWE

Website

https://www.fidelitylife.co.zw

Fidelity Life Assurance of Zimbabwe Ltd is involved in the insurance business. The company's operating segment includes Insurance, Property Investment, Microlending, and Others. The Insurance segment of the company is involved in life assurance and pensions and the Microlending segment is involved in consumer loans, business loans, and loans to farmers. The company generates maximum revenue from the Insurance segment. Geographically, the company derives a majority of its revenue from Zimbabwe and also has a presence in Malawi.

Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Headlines

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