African And Overseas Enterprises (JSE:AOVP) Interest Expense : R-53.5 Mil (TTM As of Dec. 2023)

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What is African And Overseas Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African And Overseas Enterprises's interest expense for the six months ended in Dec. 2023 was R -27.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-53.5 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 And Overseas Enterprises's Operating Income for the six months ended in Dec. 2023 was R 39.1 Mil. African And Overseas Enterprises's Interest Expense for the six months ended in Dec. 2023 was R -27.4 Mil. African And Overseas Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 was 1.42. 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 And Overseas Enterprises Interest Expense Historical Data

The historical data trend for African And Overseas Enterprises'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 And Overseas Enterprises Interest Expense Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-3.20

-44.53

-36.80

-30.85

-46.70

African And Overseas Enterprises 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															-17.04	-13.81	-20.66	-26.04	-27.42

African And Overseas Enterprises 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 R-53.5 Mil.

African And Overseas Enterprises (JSE:AOVP) 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 And Overseas Enterprises's Interest Expense for the six months ended in Dec. 2023 was R-27.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was R39.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R465.1 Mil.

African And Overseas Enterprises'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	*	39.068	/	-27.417
	=	1.42

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

African And Overseas Enterprises (JSE:AOVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AOVP) » Definitions » Interest Expense

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AON:South Africa

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.

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