Collins Property Group (JSE:CPP) Interest Expense : R-602 Mil (TTM As of Aug. 2023)

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What is Collins Property Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Collins Property Group's interest expense for the six months ended in Aug. 2023 was R -322 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was R-602 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. Collins Property Group's Operating Income for the six months ended in Aug. 2023 was R 484 Mil. Collins Property Group's Interest Expense for the six months ended in Aug. 2023 was R -322 Mil. Collins Property Group's Interest Coverage for the quarter that ended in Aug. 2023 was 1.50. 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.

Collins Property Group Interest Expense Historical Data

The historical data trend for Collins Property Group'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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Collins Property Group Interest Expense Chart

Collins Property Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

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-836.19

-821.28

-630.24

-568.42

-564.54

Collins Property Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial															-289.88	-278.54	-284.57	-279.97	-322.19

Collins Property Group 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-602 Mil.

Collins Property Group (JSE:CPP) 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.

Collins Property Group's Interest Expense for the six months ended in Aug. 2023 was R-322 Mil. Its Operating Income for the six months ended in Aug. 2023 was R484 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was R5,744 Mil.

Collins Property Group's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	484.087	/	-322.188
	=	1.50

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Collins Property Group Ltd interest coverage is 1.53, which is low.

Collins Property Group (JSE:CPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Collins Property Group Ltd (JSE:CPP) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

1 Richefond Circle, Ridgeside Office Park, Umhlanga, NL, ZAF, 4319

Website

https://www.tradehold.co.za

Collins Property Group Ltd operates as an investment holding company, with interests in real properties, service offices, and financial services. Its activities include the development and management of commercial and residential real estate. It operates through the following segments: Property Austria; Property Namibia; Property rest of Africa; Property South Africa and Other. Its revenue includes rental income, initiation fees, interest income, other fee income and service charges, and revenue from hotel operations.