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Combined Motor Holdings (JSE:CMH) Interest Expense : R-288 Mil (TTM As of Aug. 2024)


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What is Combined Motor Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Combined Motor Holdings's interest expense for the six months ended in Aug. 2024 was R -136 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was R-288 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. Combined Motor Holdings's Operating Income for the six months ended in Aug. 2024 was R 280 Mil. Combined Motor Holdings's Interest Expense for the six months ended in Aug. 2024 was R -136 Mil. Combined Motor Holdings's Interest Coverage for the quarter that ended in Aug. 2024 was 2.06. 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.

Combined Motor Holdings Interest Expense Historical Data

The historical data trend for Combined Motor Holdings'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.

Combined Motor Holdings Interest Expense Chart

Combined Motor Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -193.24 -136.66 -124.11 -192.76 -280.01

Combined Motor Holdings Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 -73.54 -119.23 -128.25 -151.77 -135.74

Combined Motor Holdings 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-288 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.

Combined Motor Holdings  (JSE:CMH) 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.

Combined Motor Holdings's Interest Expense for the six months ended in Aug. 2024 was R-136 Mil. Its Operating Income for the six months ended in Aug. 2024 was R280 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2024 was R532 Mil.

Combined Motor Holdings's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Aug. 2024 )/Interest Expense (Q: Aug. 2024 )
=-1*280.152/-135.735
=2.06

* 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.

Combined Motor Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Combined Motor Holdings Ltd (JSE:CMH) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319
Website
https://www.cmh.co.za
Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a majority part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

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