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Emira Property Fund (JSE:EMI) Interest Expense : R-535 Mil (TTM As of Sep. 2023)


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What is Emira Property Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Emira Property Fund's interest expense for the six months ended in Sep. 2023 was R -293 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was R-535 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. Emira Property Fund's Operating Income for the six months ended in Sep. 2023 was R 177 Mil. Emira Property Fund's Interest Expense for the six months ended in Sep. 2023 was R -293 Mil. Emira Property Fund's Interest Coverage for the quarter that ended in Sep. 2023 was 0.61. 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.


Emira Property Fund Interest Expense Historical Data

The historical data trend for Emira Property Fund'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.

Emira Property Fund Interest Expense Chart

Emira Property Fund Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -418.44 -433.38 -399.96 -397.69 -396.63

Emira Property Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23
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 -200.03 -193.44 -203.19 -241.65 -292.87

Emira Property Fund 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-535 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.


Emira Property Fund  (JSE:EMI) 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.

Emira Property Fund's Interest Expense for the six months ended in Sep. 2023 was R-293 Mil. Its Operating Income for the six months ended in Sep. 2023 was R177 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was R4,770 Mil.

Emira Property Fund'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*177.477/-292.867
=0.61

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Emira Property Fund Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Emira Property Fund (JSE:EMI) Business Description

Traded in Other Exchanges
N/A
Address
33 Sloane Street, 1st Floor, Block A, Knightsbridge, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties.

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