Spar Group (JSE:SPP) Interest Expense : R-1,398 Mil (TTM As of Sep. 2023)

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What is Spar Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spar Group's interest expense for the six months ended in Sep. 2023 was R -768 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was R-1,398 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. Spar Group's Operating Income for the six months ended in Sep. 2023 was R 787 Mil. Spar Group's Interest Expense for the six months ended in Sep. 2023 was R -768 Mil. Spar Group's Interest Coverage for the quarter that ended in Sep. 2023 was 1.02. 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.

Spar Group Interest Expense Historical Data

The historical data trend for Spar 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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Spar Group Interest Expense Chart

Spar Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-341.40

-1,016.50

-926.30

-978.80

-1,398.30

Spar Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-479.10	-484.20	-494.60	-630.30	-768.00

Spar 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-1,398 Mil.

Spar Group (JSE:SPP) 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.

Spar Group's Interest Expense for the six months ended in Sep. 2023 was R-768 Mil. Its Operating Income for the six months ended in Sep. 2023 was R787 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was R20,596 Mil.

Spar Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	786.5	/	-768
	=	1.02

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. Spar Group Ltd interest coverage is 1.54, which is low.

Spar Group (JSE:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spar Group Ltd (JSE:SPP) » Definitions » Interest Expense

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SGPPY:USA

Address

22 Chancery Lane, P.O. Box 1589, Pinetown, NL, ZAF, 3600

Website

https://www.spar.co.za

Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.

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