Afrocentric Investment (JSE:ACT) Interest Expense : R-129 Mil (TTM As of Dec. 2024)

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What is Afrocentric Investment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afrocentric Investment's interest expense for the six months ended in Dec. 2024 was R -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was R-129 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. Afrocentric Investment's Operating Income for the six months ended in Dec. 2024 was R 134 Mil. Afrocentric Investment's Interest Expense for the six months ended in Dec. 2024 was R -41 Mil. Afrocentric Investment's Interest Coverage for the quarter that ended in Dec. 2024 was 3.31. 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.

Afrocentric Investment Interest Expense Historical Data

The historical data trend for Afrocentric Investment'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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Afrocentric Investment Interest Expense Chart

Afrocentric Investment Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-69.16

-55.07

-65.11

-94.19

-96.24

Afrocentric Investment Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-7.75	-86.44	-8.24	-87.99	-40.53

Afrocentric Investment 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-129 Mil.

Afrocentric Investment (JSE:ACT) 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.

Afrocentric Investment's Interest Expense for the six months ended in Dec. 2024 was R-41 Mil. Its Operating Income for the six months ended in Dec. 2024 was R134 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was R658 Mil.

Afrocentric Investment's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	133.969	/	-40.527
	=	3.31

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

Afrocentric Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Interest Expense

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Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

https://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. Its operating segments include: Healthcare SA; Healthcare Retail; Healthcare Africa and Information Technology. The geographical segments include businesses outside of South Africa which include Botswana, Mauritius and Namibia.