Equites Property Fund (JSE:EQU) Interest Expense : R-537 Mil (TTM As of Feb. 2024)

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What is Equites Property Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equites Property Fund's interest expense for the six months ended in Feb. 2024 was R -278 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-537 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. Equites Property Fund's Operating Income for the six months ended in Feb. 2024 was R 840 Mil. Equites Property Fund's Interest Expense for the six months ended in Feb. 2024 was R -278 Mil. Equites Property Fund's Interest Coverage for the quarter that ended in Feb. 2024 was 3.02. 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.

Equites Property Fund Interest Expense Historical Data

The historical data trend for Equites 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.

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Equites Property Fund Interest Expense Chart

Equites Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-103.41

-24.55

-19.70

-229.05

-537.04

Equites Property Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															23.15	-92.49	-136.56	-259.23	-277.81

Equites 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-537 Mil.

Equites Property Fund (JSE:EQU) 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.

Equites Property Fund's Interest Expense for the six months ended in Feb. 2024 was R-278 Mil. Its Operating Income for the six months ended in Feb. 2024 was R840 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R9,468 Mil.

Equites Property Fund's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	839.741	/	-277.81
	=	3.02

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. Equites Property Fund Ltd interest coverage is 3.35, which is low.

Equites Property Fund (JSE:EQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equites Property Fund Ltd (JSE:EQU) » Definitions » Interest Expense

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Address

4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001

Website

https://www.equites.co.za

Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

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