Magnit PJSC (Magnit PJSC) Interest Expense : $-1,096.87 Mil (TTM As of Jun. 2023)

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What is Magnit PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magnit PJSC's interest expense for the six months ended in Jun. 2023 was $ -509.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-1,096.87 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. Magnit PJSC's Operating Income for the six months ended in Jun. 2023 was $ 726.16 Mil. Magnit PJSC's Interest Expense for the six months ended in Jun. 2023 was $ -509.02 Mil. Magnit PJSC's Interest Coverage for the quarter that ended in Jun. 2023 was 1.43. 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.

Magnit PJSC Interest Expense Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Interest Expense Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-568.77

-771.03

-600.79

-661.58

-1,107.92

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-291.31	-371.97	-505.25	-587.85	-509.02

Magnit PJSC 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 $-1,096.87 Mil.

Magnit PJSC (GREY:MGJCL) 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.

Magnit PJSC's Interest Expense for the six months ended in Jun. 2023 was $-509.02 Mil. Its Operating Income for the six months ended in Jun. 2023 was $726.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $8,379.18 Mil.

Magnit PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	726.163	/	-509.022
	=	1.43

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

Magnit PJSC (Magnit PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (GREY:MGJCL) » Definitions » Interest Expense

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MGNT:Russia

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

Magnit PJSC (Magnit PJSC) Headlines

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