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Brait (JSE:BATP.PFD) Interest Expense : R-432.00 Mil (TTM As of Sep. 2024)


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What is Brait Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brait's interest expense for the six months ended in Sep. 2024 was R -237.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R-432.00 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. Brait's Operating Income for the six months ended in Sep. 2024 was R 0.00 Mil. Brait's Interest Expense for the six months ended in Sep. 2024 was R -237.00 Mil. Brait did not have earnings to cover the interest expense. 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.

Brait Interest Expense Historical Data

The historical data trend for Brait'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.

* Premium members only.

Brait Interest Expense Chart

Brait Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -859.00 -532.00 -488.00 -568.00 -392.00

Brait Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -279.00 -289.00 -197.00 -195.00 -237.00

Brait 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-432.00 Mil.

* 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.

Brait  (JSE:BATP.PFD) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brait's Interest Expense for the six months ended in Sep. 2024 was R-237.00 Mil. Its Operating Income for the six months ended in Sep. 2024 was R0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was R2,682.00 Mil.

Brait's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

* 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.

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

Brait Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brait PLC (JSE:BATP.PFD) » Definitions » Interest Expense
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Traded in Other Exchanges
BAT:South Africa
Address
C/o Stonehage Fleming Mauritius, 1st Floor, Les Fascines Block B, Vivea Business Park, Moka, Port Louis, MUS
Website
https://www.brait.com
Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over a three-year period. Revenue is almost exclusively derived from gains on the group's investment portfolio. A majority of its holdings are in South African companies, where the company is based.

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