Capital Appreciation (JSE:CTA) Interest Expense : R-2 Mil (TTM As of Sep. 2023)

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What is Capital Appreciation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Capital Appreciation's interest expense for the six months ended in Sep. 2023 was R -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was R-2 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. Capital Appreciation's Operating Income for the six months ended in Sep. 2023 was R 93 Mil. Capital Appreciation's Interest Expense for the six months ended in Sep. 2023 was R -2 Mil. Capital Appreciation's Interest Coverage for the quarter that ended in Sep. 2023 was 52.83. 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.

Capital Appreciation Interest Expense Historical Data

The historical data trend for Capital Appreciation'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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Capital Appreciation Interest Expense Chart

Capital Appreciation Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.60

-2.31

-1.79

-1.14

-0.45

Capital Appreciation Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial											-0.66	-0.48	-0.45	-	-1.76

Capital Appreciation 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-2 Mil.

Capital Appreciation (JSE:CTA) 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.

Capital Appreciation's Interest Expense for the six months ended in Sep. 2023 was R-2 Mil. Its Operating Income for the six months ended in Sep. 2023 was R93 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was R25 Mil.

Capital Appreciation's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	92.769	/	-1.756
	=	52.83

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Capital Appreciation Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Capital Appreciation (JSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Capital Appreciation Ltd (JSE:CTA) » Definitions » Interest Expense

Comparable Companies

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Address

44 Saturn Crescent, Unit 2, Linbro Business Park, Sandton, Johannesburg, GT, ZAF, 2090

Website

https://www.capitalappreciation.co.za

Capital Appreciation Ltd is a South Africa based company that owns, manages, invests in, and promotes established and developing financial technology enterprises, their platforms, solutions, products, and applications. The company operates in Fintech and Financial service sector. The company operates in three segments that include Payments and Payment Infrastructure Services and Software and Services, and an International Divison. The majority of the revenue is generated from the payments division. All of its revenue is generated from South Africa.