African Rainbow Minerals (African Rainbow Minerals) Interest Expense : $-16.5 Mil (TTM As of Dec. 2023)

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What is African Rainbow Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Rainbow Minerals's interest expense for the six months ended in Dec. 2023 was $ -7.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.5 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. African Rainbow Minerals's Operating Income for the six months ended in Dec. 2023 was $ 10.2 Mil. African Rainbow Minerals's Interest Expense for the six months ended in Dec. 2023 was $ -7.0 Mil. African Rainbow Minerals's Interest Coverage for the quarter that ended in Dec. 2023 was 1.46. 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.

African Rainbow Minerals Interest Expense Historical Data

The historical data trend for African Rainbow Minerals'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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African Rainbow Minerals Interest Expense Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-21.19

-23.17

-23.65

-18.34

-15.26

African Rainbow Minerals 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															-8.18	-10.12	-6.25	-9.50	-6.98

African Rainbow Minerals 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 $-16.5 Mil.

African Rainbow Minerals (OTCPK:AFBOF) 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.

African Rainbow Minerals's Interest Expense for the six months ended in Dec. 2023 was $-7.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was $10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $8.4 Mil.

African Rainbow Minerals'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	*	10.197	/	-6.977
	=	1.46

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

African Rainbow Minerals (African Rainbow Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (OTCPK:AFBOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ARI:South Africa EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.

African Rainbow Minerals (African Rainbow Minerals) Headlines

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