Clientele (JSE:CLI) Interest Expense : R-31 Mil (TTM As of Dec. 2023)

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What is Clientele Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clientele's interest expense for the six months ended in Dec. 2023 was R -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-31 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. Clientele's Operating Income for the six months ended in Dec. 2023 was R 272 Mil. Clientele's Interest Expense for the six months ended in Dec. 2023 was R -18 Mil. Clientele's Interest Coverage for the quarter that ended in Dec. 2023 was 14.94. 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.

Clientele Interest Expense Historical Data

The historical data trend for Clientele'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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Clientele Interest Expense Chart

Clientele Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-28.72

-28.02

-20.27

-22.81

-25.43

Clientele 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															-11.42	-11.39	-12.47	-12.96	-18.24

Clientele 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-31 Mil.

Clientele (JSE:CLI) 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.

Clientele's Interest Expense for the six months ended in Dec. 2023 was R-18 Mil. Its EBIT for the six months ended in Dec. 2023 was R272 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R196 Mil.

Clientele's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	272.445	/	-18.24
	=	14.94

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

Clientele (JSE:CLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Clientele Ltd (JSE:CLI) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Corner Rivonia and Alon Roads Morningside, Clientele Office Park, Johannesburg, GT, ZAF, 2196

Website

https://www.clientele.co.za

Clientele Ltd is a diversified financial services group. It markets distributes and underwrites insurance and investment products. The company's operating segment includes Long-term insurance, Short-term insurance, CBC Rewards and Clientele Mobile and Others. Its insurance products and services include Legal, Mobile, Wealth, Credit Life, Investments, and others. CBC Rewards, Clientèle Mobile and Direct Rewards segment incorporates the sale and administration of loyalty rewards contracts as well as cellular sim cards, mobile data and airtime to clients. It generates maximum revenue from the Long-term insurance segment.

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