African Equity Empowerment Investments (JSE:AEE) Interest Expense : R-5.8 Mil (TTM As of Aug. 2023)

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What is African Equity Empowerment Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Equity Empowerment Investments's interest expense for the six months ended in Aug. 2023 was R -4.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was R-5.8 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 Equity Empowerment Investments's Operating Income for the six months ended in Aug. 2023 was R 12.2 Mil. African Equity Empowerment Investments's Interest Expense for the six months ended in Aug. 2023 was R -4.4 Mil. African Equity Empowerment Investments's Interest Coverage for the quarter that ended in Aug. 2023 was 2.81. 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 Equity Empowerment Investments Interest Expense Historical Data

The historical data trend for African Equity Empowerment Investments'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 Equity Empowerment Investments Interest Expense Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-18.54

-24.82

-22.81

-7.13

-5.82

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial															-14.99	-6.32	-0.81	-1.46	-4.36

African Equity Empowerment Investments 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-5.8 Mil.

African Equity Empowerment Investments (JSE:AEE) 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 Equity Empowerment Investments's Interest Expense for the six months ended in Aug. 2023 was R-4.4 Mil. Its Operating Income for the six months ended in Aug. 2023 was R12.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was R37.8 Mil.

African Equity Empowerment Investments's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	12.229	/	-4.359
	=	2.81

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

African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Interest Expense

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.