AECI (AECLY) Interest Expense : $-34 Mil (TTM As of Dec. 2023)

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What is AECI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AECI's interest expense for the six months ended in Dec. 2023 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-34 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. AECI's Operating Income for the six months ended in Dec. 2023 was $ 70 Mil. AECI's Interest Expense for the six months ended in Dec. 2023 was $ -17 Mil. AECI's Interest Coverage for the quarter that ended in Dec. 2023 was 4.11. 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.

AECI Interest Expense Historical Data

The historical data trend for AECI'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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AECI Interest Expense Chart

AECI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.83

-24.53

-16.68

-23.32

-34.19

AECI Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.43	-9.36	-14.76	-17.07	-17.01

AECI 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-34 Mil.

AECI (OTCPK:AECLY) 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.

AECI's Interest Expense for the six months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the six months ended in Dec. 2023 was $70 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $288 Mil.

AECI's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	69.877	/	-17.013
	=	4.11

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

AECI (AECLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AECI Ltd (OTCPK:AECLY) » Definitions » Interest Expense

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AFEP.PFD:South Africa AFE:South Africa A7Z:Germany

Address

Woodlands Drive, 24 The Woodlands, First Floor, AECI Place, Woodmead, Sandton, Johannesburg, ZAF, 2191

Website

https://www.aeciworld.com

AECI Ltd manufactures and sells chemicals in five segments based on product type. AECI Mining segment, which generates majority of the revenue, sells explosives and mining-based chemicals to metals, coal, and diamond miners. AECI Chemicals segment supplies chemical raw materials to manufacturing, infrastructure, and industrial businesses. AECI Water segment provides integrated water treatment solutions, process chemicals and equipment solutions for a diverse range of applications. AECI Agri Health segment sell insecticides, herbicides, and fungicides to the agriculture industry. AECI Property Services & Corporate segment includes leasing and management in the office, industrial, and retail sectors.

AECI (AECLY) Headlines

From GuruFocus

Full Year 2023 AECI Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-29-2024