World Acceptance (MEX:WRLD) Interest Expense

: MXN-981 Mil (TTM As of Mar. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. World Acceptance's interest expense for the three months ended in Mar. 2023 was MXN -220 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was MXN-981 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. World Acceptance's Operating Income for the three months ended in Mar. 2023 was MXN Mil. World Acceptance's Interest Expense for the three months ended in Mar. 2023 was MXN Mil. 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.

World Acceptance Interest Expense Historical Data

The historical data trend for World Acceptance'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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World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-347.88

-607.21

-525.31

-665.53

-909.60

World Acceptance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense																-219.90	-224.80	-262.14	-274.31	-219.64

World Acceptance 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-981 Mil.

World Acceptance (MEX:WRLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (MEX:WRLD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WRLD:USA WOA:Germany

Address

104 S. Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.